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intangible asset

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.04 sec.
Intangible Asset
An asset that is not physical in nature.

Notes:
Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets.

Intangible asset
A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.
intangible asset
An asset such as a patent, goodwill, or a mining claim that has no physical properties. Since intangible assets are often difficult to value accurately, such assets when included on a corporate balance sheet may have a true value significantly different from the dollar amounts indicated there. Compare tangible asset.
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? Mentioned in ? References in periodicals archive
 
The AICPA has released a new exposure draft of the Proposed Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset.
CalCPA remains opposed to BV exposure draft by California CPA
It provides guidance to AICPA members for an engagement or any part of an engagement that determines the value of a business, an interest in a business, security or an intangible asset.
AICPA releases second exposure draft of proposed business valuation ... by CPA Letter
197 intangible asset is only one that is acquired in connection with the taxpayer's trade or business, not necessarily all intangibles newly acquired; see Sec.
The ins and outs of Sec. 197 by Bayer, Paul / The Tax Adviser
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