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.

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 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.
References in periodicals archive ?
Intangible assets related to marketing: are assets used to promote products and services like marcs of products, factory certification, brands, and no-compete agreements or commercial design.
ASC 350-3035-1 states that an intangible asset with a finite useful life should be amortized over its useful life to the reporting entity.
Evaluating intangible assets is not an easy exercise, compared to tangible assets (e.
A troubling sign, as we often find, is a steadily decreasing return on intangible assets.
That means that in Russian conditions the market value of assets of companies for 85% depends on the fundamental value of its tangible and intangible assets.
Myth #2 -- The value of an intangible asset is equal to the price someone is willing to pay.
There are now well-defined intangible asset classes that these regulations address.
The patent must be self-developed and not acquired from third parties on the market (but acquired intangible assets that are embedded in the ultimate patent are not excluded).