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An intangible assset is an asset that is not physical in nature such as patents, trademarks, copyrights, business methodologies, goodwill and brand recognition.Intangible assets are those assets which do not have physical substance and nobody can see it physically. Examples: 1 - goodwill 2 - patent 3 - copyrights etc
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∙ 12y ago
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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.
Is branding a intangible asset?
Yes, branding is an intangible asset. Usually, common referred to under Goodwill.
Why is trademark an intangible asset?
An intangible asset is one that you cannot physically hold, touch, or store, or sell on the market(usually). eg. GOODWILL, COPYRIGHT, TRADEMARKS Can you touch a trademark? No, not really. You can't really store it on a shelf next to your lightbulbs, or go and look at it like your buildings.. It's not something that you sell either - unless you are selling your business... Hence it is intangible.
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.
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.
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.
Why is trademark an intangible asset?
An intangible asset is one that you cannot physically hold, touch, or store, or sell on the market(usually). eg. GOODWILL, COPYRIGHT, TRADEMARKS Can you touch a trademark? No, not really. You can't really store it on a shelf next to your lightbulbs, or go and look at it like your buildings.. It's not something that you sell either - unless you are selling your business... Hence it is intangible.
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 plant asset intangible?
No it is tangible.
Is a masthead an intangible asset?
Yes, it is
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.
Is a song download an intangible asset?
I think it is.
Is life insurance a tangible asset?
no, intangible
Examples of intangible asset?
Most common example of intengible asset is "GOODWILL"
