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trade mark ,brand name ,patent ,,,,any service

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Q: What is an intangible asset and give an example?
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Examples of intangible asset?

Most common example of intengible asset is "GOODWILL"


How does one define intangible assets?

One may define intangible assets as meaning an asset that is not physical in nature or not monetary. An example of such an asset would be intellectual property.


Is a prepaid asset considered an intangible asset?

No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.


What Types of fixed asset?

1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset


Is branding a intangible asset?

Yes, branding is an intangible asset. Usually, common referred to under Goodwill.


What is an intangiblee fixed asset?

An intangible fixed asset is one that cannot be physically seen or touched. Goodwill or brand loyalty is an example. A firm like Coca-Cola would most likely include a quantification of their good will as an intangible fixed asset on their balance sheet.


Is accounts receivables a fixed asset or intangible asset?

The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).


Why goodwill is an intangible asset?

Goodwill is an intangible asset because it does not have any tangible physicle existance and nobody can touch or see it.


Is a masthead an intangible asset?

Yes, it is


Is plant asset intangible?

No it is tangible.


Are patents intangible assets?

patents are intangible assets as these have not physical existence. patent is a right to use something which is not physical that's why it is an intangible asset.


Can a tangible asset be a financial asset?

Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash