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No, Intangible Assets generally refer to such assets that are not physical. A prepaid deposit will be considered a Current Asset, usually lasting a year or less.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. These include such things as Patents, Trademarks, Goodwill, Copyrights.

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