Intangible Economic Assets: Franchising, patent, formula, design, sample mold, technical information (Know-how), format, copyright and similar items, license, right of use and permission or other rights granted by state institutions and organizations (such as operating rights) and similar ones have a useful life of 15 years and an annual redemption rate of 6.66%. The regulation was made with the 365 VUK General Communiqué.
Source: Istanbul Chamber of Certified Public Accountants
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