Intangible Assets
Started by jeff4757 · Jan 31, 2013 · 1 replies
- jOriginal post
jeff4757
Jan 31, 2013 · 13y ago
Can an intangible asset be billed on a CPFF contract? My understanding of intangible assets is there are no costs to generate revenue and therefore cannot be billed.
The item to be invoiced are software licenses.
any feedback is appreciated.
Thank you!
- G
Guest Vern Edwards
Jan 31, 2013 · 13y ago
Have you read the DCAA Audit Manual, Sec. 7-1705.2?