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How do discuss patent and staff skills can be recognised

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Reference no: EM132652487

A Limited is a company in the IT industry. The success of the company is built around software which it has developed internally and for which a patent is registered as well as the skills of the staff that operate the software. Staff is required to give one month's notice of resignation.

Problem 1: Discuss whether the patent and the staff skills can be recognised as an intangible asset in terms of IAS 38, Intangible Assets.

Reference no: EM132652487

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