intangibles


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Related to intangibles: Intangible assets, assets

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 ?
When PriceWaterhouseCoopers teaches its clients about the "k" factor, it is trying to define these intangibles that add value to a company.
The IRS tried to tax unspecified goodwill intangibles, so companies got creative to avoid being taxed.
After asset existence, the next issue that must be considered in the analysis of intangible assets is the appropriate valuation premise - or hypothetical set of asset transaction assumptions - under which to appraise the intangibles.
This is an impressive book, which offers a deeper understanding of reporting on and accounting for intangibles as key value drivers.
Personal intangibles consist of intangible assets owned by an individual shareholder that are held separate from the corporate business.
As of October 31, 2008, Total Other Intangibles before recognition of the impairment charge were reported at $10,165,000.
segregate intangible assets as if they were pieces of equipment and allocate purchase price accordingly), it is often difficult to determine and substantiate that customer-based intangibles (e.
Thus, the inclusion of intangibles matters for labor productivity growth rates, although it has little effect on the acceleration of overall productivity in the mid-1990s, they write.
On behalf of Tax Executives Institute, I am writing to recommend that the effective date of the revised section 482 regulations, relating to the treatment of services and the allocation of income and deductions from intangibles, be delayed from January 1, 2007, to at least January 1, 2008.
Under the new regulations, imbedded intangibles must also be taken into account, which was not the case in the past, when all intercompany services were usually considered as a cost-plus transaction.
SFAS 141 outlines five major categories of intangibles that must be considered.