intangible asset

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
This in turn becomes the basis for an understanding of the fair market value of both tangible and intangible assets. Market valuation combines the asset-based and income-based approaches, along with an analysis of sales and mergers of comparable practices in the community, to determine the value of a practice in its local market.
Before the end of 2014, two more updates on the topic of business combinations were issued: ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting (November 2014); and ASU 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination (December 2014).
CaRecoverable amount: the higher of an asset's fair value less costs of disposal (sometimes called net selling price) and its value in use." Moreover as per the same standard the entity should on a yearly basis test its assets (including intangible assets) for impairment.
While there are few research papers in the literature in the field of intangible assets in public sector, especially in the local public administration, theoretical and empirical contributions of this paper are auspicious for the issues establishment and the state of knowledge in Romanian municipalities' awareness, transparency and disclosure of public information of general interest.
This is because the intangible asset valuations performed for transfer pricing purposes often result in higher values than those performed for financial reporting purposes under transfer pricing's application of the income method.
We first look at the effect of the transition to IFRS on net income, equity capital and different sorts of intangible assets on a bigger sample of firms, then we analyse the impact of these standards on the share price and return of the firms concerned (Table 1).
According to the main results of the paper, fundamental value of a company's assets can be divided into the fundamental value of tangible assets ([V.sub.T]) and intangible assets ([V.sub.I]):
* The more unique the intangible asset, the greater its valuation is likely to be
MANAMA: Intangible assets, such as brands, represented on average just 23 per cent of enterprise value, according to a report by professional services organisation Ernst & Young.