are fictitious assets and intangible assets same ?

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  • 1 decade ago
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    Absolutely not. Intangible assets are of real value, but not plant, equipment, or inventory. Rather items are patents, trademarks, goodwill, copyrights, and so forth that are of value. Fictitious assets are not real.

    Source(s): Fundamental Accounting
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  • Anonymous
    4 years ago

    Too much of Accounts :P No love is neither Amortized nor Depreciated. It is held in Partnership firm :D so the withdrawal of any partner just brings the partnership to an end and then the remaining partner has to enter into an all new agreement to start a new partnership.Hehe! =) ~Smile :)

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