I feel like the article highlights an interesting point, but stops short of speculating what would happen if the accounting rules were updated? I know in my co

I feel like the article highlights an interesting point, but stops short of speculating what would happen if the accounting rules were updated? I know in my country, that intangibles are not expenses, but assets. Because that makes them taxable. If anything, it is a boon for these intangible-majority companies, that R&D can be written off as expenses, because that can make for a favourable tax report. But regardless of all that, accounting will still be necessary to account for a company's finances, so it's hardly a demise of accounting. I may have misheard, but I believe to recall, that modern companies often keep two accounting books, one for the officially required accounting, and one that - they feel - better reflects their actual financial situation.