intangibles

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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 ?
Take some time before next summer, if you haven't already done so, to expand your risk management process to include your organization's intangible assets.
As a professor of finance and accounting, Lev's recommendations stress forming new standards for recognition of those aspects of intangible investment that should affect the main body of a firm's financial statements or, perhaps as second best, for clearly disclosing intangible investments and their impacts.
We think that in today's economy, the intangible assets of a corporation are more valuable than land, buildings and cash," explains Nandan Nilekani, the company's CEO.
It provides new criteria that determine whether an acquired intangible asset should be recognized separately from goodwill.
But earnings, an intangible form of income derived from uniform accounting rules, still drive stock prices.
The topic of intangible asset valuation within a bankruptcy environment is broad, and we only have space available for an introductory treatment of the topic in this article.
INTANGIBLE ASSETS OF ALL KINDS, INCLUDING PATENTS, brand names, in-process research and the like, have become increasingly important to the economic value of a business.
Belfrage, MAI, for the deliberate approach that they employed in arguing their position in "A Strategy for Estimating Identified Intangible Asset Value: Hotel Affiliation Contribution" (Winter 2005).
7, 2015 /PRNewswire/ -- Business Valuation Resources(BVR) is pleased to announce a new study, " Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations, Second Edition" a compilation of reported, vetted, and carefully analyzed data focused on the value and useful lives of intangible assets as reflected in over 6,000 purchase price allocations.
Research has highlighted the important role played by intangible capital, such as the knowledge embodied in the workforce, business plans and practices, and brand names.