Many states levy a tax on intangible assets when they are bought or sold. An example of this when a computer programmer develops a program for a client and profits from that sale. Many states will add a sales tax to the transaction even though a computer program is an intangible asset.
This was helpful for Intermediate Accounting
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very clear explanation. Thank you!
Thanks for this presentation, very helpfull
Many states levy a tax on intangible assets when they are bought or sold. An example of this when a computer programmer develops a program for a client and profits from that sale. Many states will add a sales tax to the transaction even though a computer program is an intangible asset.
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