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an example is the knowledge that researchers in a pharmaceutical company might have in their minds of past experiments and their results

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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.


What would not be considered intellectual capital?

Tangible assets like equipment or buildings, financial capital such as savings or investments, or physical resources like raw materials or inventory would not be considered intellectual capital. Intellectual capital refers to intangible assets such as knowledge, patents, trademarks, or human capital that contribute to a company's value and competitive advantage.


What has the author Russell L Parr written?

Russell L. Parr has written: 'Valuation of Intellectual Property and Intangible Assets, 2001 Supplement (Intellectual Property-General, Law, Accounting & Finance, Management, Licensing, Special Topics)' 'Valuation of Intellectual Property and Intangible Assets' 'Valuation of Intellectual Property and Intangible Assets, 1997 Cumulative Supplement' 'Intellectual Property' 'Intellectual Property Infringement Damages (Intellectual Property S.)'


What are examples of intellectual capital in the form of structural intangible assets?

examples of these systems are the information system, accounting system, purchasing system, and sales system


Is capital leases an intangible asset?

No, Capital lease is for tangible assets only so it is tangible assets. Capital lease is to acquire any assets for use in business so that asset is a visible thing so not intangible asset.


What is the definition of internally generated intangible asset?

Internally generated intangible assets mean those assets which are created by the firm by the use of its own Intellectual Properties, that is, their own knowledge for example the Goodwill, Patents to produce a particular product, Copyrights etc..


What importance is accorded intellectual capital by generally accepted accounting principles?

such accounts as patents, copyrights, franchises, and goodwill appeared under the intangible assets balance sheet caption, in the instances where the company purchased such assets from other entities


Types of 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


What are the tangible benefit and intangible benefit?

tangible assets is what can be seen while intangible asset is what cannot be seen or felt. The factory is an examle of intangible assets while patent is an example of intangible assets -- By Kailash Gaikwad


What is the difference between tangible assets and intangible assets?

We can feel tangible asset,where as we cannot feel intangible asset


Intangible assets are depreciated or not?

Intangible assets are subject to devaluation not depreciation.


Are intangible assets included in current assets?

Intangible Assets are not included in current assets. They are usually listed under Other Assets.