I am trying to figure out this answer as well
1 - Goodwill 2 - market related intangible assets 3 - Customer related intangible assets 4 - Contract related intangible assets 5 - Artistic related intangible assets 6 - Technology related intangible assets
Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.
We can feel tangible asset,where as we cannot feel intangible asset
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
Depreciation is charged to tangible assets while amortization is used to charge intangible assets.
1 - Goodwill 2 - market related intangible assets 3 - Customer related intangible assets 4 - Contract related intangible assets 5 - Artistic related intangible assets 6 - Technology related intangible assets
Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.
We can feel tangible asset,where as we cannot feel intangible asset
Intangible assets are subject to devaluation not depreciation.
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
physical , financial , intangible , human
Tangible assets are assets that have a physical presence. Examples might be a desk, a computer or a building. This is in contrast to intangible assets that cannot be held in your hand, like accounts receivable, a copyright, trademark, patent, trade secret, or product designs. Sometimes there can be a tangible embodiment of an intangible asset, such as a trademark registration certificate or a promissory note, but the underlying asset is still intangible.
Tangible assets for a bank include all assets after making deductions for goodwill and intangible resources. Intangible assets have no physical properties.
Depreciation is charged to tangible assets while amortization is used to charge intangible assets.
Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.
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.
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.