intangibles

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Related to intangible: Intangible property

Intangible Asset

In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation. However, not including them may not express the company's true value. See also: Tangible assets.

intangibles

costs and benefits usually associated with an INVESTMENT project that either cannot be quantified or that can be quantified but cannot easily be valued in money terms. Examples of the former include the scenic effects of projects such as airport runways in rural areas; examples of the latter might include reductions in accident deaths associated with road-building projects, which give problems setting a money value per life saved. Such intangibles are important although they cannot easily be incorporated into an investment appraisal. See COST-BENEFIT ANALYSIS.
References in periodicals archive ?
In contrast, until recently, intangible assets were not considered as contributors to labour productivity growth.
Intangible cultural heritage (ICH) is half of the heritage story.
During its session, the Committee approved the granting of financial assistance to Uganda andZambia to help them fund projects which are important to their countrys intangible cultural heritage.
Roach also concludes that the identification of the present value of excess rent as an intangible asset is not optional for professional appraisers.
All countries, but especially OECD countries, deal with the issue of the development and growth of firms' capital, especially of the part of the capital that can grow continuously and consistently, exceeding the amount of equipment, called intangible capital or intellectual capital.
Since January 2014, FASB has issued several significant pronouncements on business combinations and intangible assets; however, the interaction between the two remains complex, leading to several related questions and concerns: What is the current practice of recognition and measurement for intangible assets in a business combination?
The accounting treatment of intangible cultural heritage in Kyrgyzstan is carried out in accordance with the law on intangible heritage, according to a report of the Prime Minister for 2013.
IHSAN YOUSSEF DOHA THE workshop on preservation of the intangible cultural heritage in the Arab world, organized by the ministry of culture, arts and heritage jointly with the Arab League Educational, Cultural and Scientific Organisation (ALECSO), kicked off on Monday.
The United Nations Educational, Scientific, and Cultural Orgnization (UNESCO) Director General Irina Bokova cautioned Tuesday against excess number of nominations at opening of Intangible Heritage Committee in Bali, Indonesia, on Tuesday.
However, if the LLC could establish that rather than being a single intangible asset, the self-created customer-based intangibles were separate from the acquired customer-based intangibles, ordinary income recapture on the sale would be limited to gain on the acquired intangibles.
They expressed their views during a 2-day national conference on safeguarding of the intangible cultural heritage organized by the National Institute of Folk and Traditional Heritage, Lok Virsa.