PDF · Notes
AS 26 Intangible Assets Summary Chart for CA Inter Advanced Accounting
- Shared by
- Akshay K.
- Course
- CA Inter
- Subject
- Advanced Accounting
- Added
- 27 Oct 2026
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This one-page summary chart covers AS 26 Intangible Assets, a topic in CA Inter Advanced Accounting. It lays out the characteristics of an intangible asset, how purchased, exchanged and internally generated assets are measured, the recognition criteria, and the cost of an intangible asset. It also covers amortisation methods, retirement and disposal, and the research and development phases. It suits students who want a quick visual revision of the standard before exams.
What the chart covers
The chart starts with the defining features of an intangible asset: it is identifiable, non-monetary and without physical substance. It then shows the cost of intangible assets acquired by purchase, by exchange of other assets, and as internally generated assets. Components of cost, such as purchase price, trade discounts, non-recoverable taxes and directly attributable expenditure, are listed clearly. Goodwill and similar items that cannot be recognised are also noted.
Using the chart for exam revision
Because the chart groups amortisation, retirement, disposal and impairment together, it works well as a final recap before attempting questions. Students can use it to check the amortisation rule of generally 10 years or the useful life, and the justification needed if life exceeds 10 years. The development phase criteria for capitalising expenditure, from technical feasibility to the ability to use or sell the asset, are arranged as a numbered list that is easy to memorise.
Who should read this
This note is useful for CA Inter students revising Advanced Accounting who need the key points of AS 26 in one place. It is also helpful for students who already have the full standard and want a concise reference for numericals on intangible asset cost, amortisation and disposal.
Key topics in these notes
- Characteristics of intangible assets
- Recognition criteria
- Cost of intangible assets
- Amortisation of intangible assets
- Internally generated intangibles
- Research and development phases
- Subsequent expenditure
- Retirement and disposal
Related notes
Frequently asked questions
What is the default amortisation period for intangible assets under AS 26?
The chart states that intangible assets are generally amortised over 10 years or the useful life of the asset. If useful life exceeds 10 years, the reason has to be justified.
Which expenditure can be capitalised in the development phase?
The chart lists five criteria, including technical feasibility, availability of resources, intention to complete, ability to use or sell, and a market for the output. Cost must also be measurable.
Can internally generated goodwill or brands be recognised?
The chart notes that internally generated goodwill, brands, publishing titles, mastheads and customer lists cannot be recognised as intangible assets.
How is the cost of an intangible asset acquired by exchange determined?
The chart says cost is measured at the fair value of the asset given up, and trade discounts and rebates are deducted from the purchase price.
How can I get the full note?
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