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People consider things like children and women also men to be assets but the things that are supposed to be assets are the most important things In a person's life. People consider businesses as their babies and people as assets and so I ask what is the real use of assets if we're going to be considered as assets Sinqobele ( talk) 15:59, 29 July 2019 (UTC) reply

The main criteria when recognizing tangible assets is that they are registered at their cost or value and then amortized/depreciated trought their usefull life. While intangible assets have different criteria, being the most important the difference between internally developed and externally acquired. Internally developed intangible assets can't be measured at their cost or even at associated costs like development, advertising costs or similar. The only exception could be R&D, in the development phase if they follow some specific rules they can be recognized. While externally acquired intangible assets like brands, can be registered at cost and amortized.) — Preceding unsigned comment added by 193.126.249.1 ( talk) 16:41, 21 January 2022 (UTC) reply