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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.
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∙ 11y 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 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.
Examples of intangible asset?
Most common example of intengible asset is "GOODWILL"
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.
Types of tangible assets?
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.
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.
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.
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"
