Data are observations that have been converted into digital form and stored, transmitted and processed and knowledge of which can be downloaded. Data acquires value as it informs economic decisions associated with other intangibles (example: customer purchasing frequency) and its value is marginal to the value of the intangible that is associated. Data has risks, such as: leaks, legal restrictions, private data, etc… . The general accounting principle does not allow capitalizing on internally generated intangibles, which is why the data values do not appear in the balance sheets. Income appraisal is the most appropriate method for evaluating data….Read more