intangible assets is an asset that is not physical in nature. Corporate intellectual property, goodwill and brand recognition are all common intangible assets in today’s marketplace. An intangible asset can be classified as either indistinct or exact depending on the specifics of that asset.
An intangible asset of a business can be defined as an asset that do not exist physically like other assets but have equal importance in profitable performance of a business. An example of intangible asset can be a list of potential customers bought from
Intangible assets are those assets that do not exist physically still they are very much important for a business. These are the long term resources that do not have a physical character but add value to a business. Examples of intangible assets are the
Depreciation, Depletion and Amortization: Learning Objectives: What is the difference among depreciation, depletion, and amortization. Depreciation: The term depreciation is used with reference to tangible fixed assets because the permanent continuing and gradual fall in book value is possible only in the case of