intangible assets


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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.

intangible assets

nonphysical assets such as GOODWILL, PATENTS and TRADEMARKS which have a money value. Compare TANGIBLE ASSETS.
References in periodicals archive ?
If the subject health care intangible asset remaining useful life is much different from the remaining useful life of the intangible assets in the guideline transactions, then adjustments may be required in the market-derived valuation multiples.
As defined by the International Accounting Standards (IAS), "An intangible asset is an identifiable non-monetary asset without physical substance.
In response to the recent market turmoil, further regulatory regimens and additional investor interest in the intangible assets, their corporate stewardship, and their value should be reasonably expected.
Retroactive reporting is permitted, but not required for internally generated intangible assets, including those in development as of the effective date; and retroactive reporting is permitted, but not required for intangible assets with an indefinite estimated useful life as of the effective date.
The taxpayer claimed like-kind exchange treatment of the disposition of certain of the intangibles pertaining to Corporation 1 and Corporations 2 as well as the related acquisition of the intangible assets from Seller 1 and Seller 2.
It is often the first one identified when the conversation turns to intangible assets.
Federal tax law allows for writing off the value of intangible assets over 15 years.
Those acquired in a merger have to be identified, accounted for and carried on the balance sheet as intangible assets.