Determining the cost savings of implementing the asset is one of the ways of determining the cost of an intangible asset, not a tangible asset.

These are tangible assets and there are intangible assets. All of the following methods can be used to determine the value of a tangible asset EXCEPT: - Obtaining current quotes for replacement cost comparison - Subtracting the depreciation from the original asset cost - Determining the cost savings of implementing the asset - Identifying the cost of switching to an alternative solution