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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.
An asset that is not physical in nature. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today's marketplace. An intangible asset can be classified as either indefinite or definite depending on the specifics of that asset. A company brand name is considered to be an indefinite asset, as it stays with the company as long as the company continues operations. However, if a company enters a legal agreement to operate under another company's patent, with no plans of extending the agreement, it would have a limited life and would be classified as a definite asset.
What else can I help you with?
Is prepaid loan cost is intangible?
It is a prepaid expense to be expensed over time. Not an intangible.
Cost?
Is how to describe the cost of good and service , tangibles and intangible how to determined.
Is a deferred loan cost an intangible assets?
YES
Allocating the cost of an intangible asset is referred to as 1.amortization. 2.depletion. 3.accretion. 4.capitalization.?
Allocation of cost of intangible asset is called as amortization.
What is intangible cost?
intqngible assets whats is cost for licensed, bonds insurances etc?
The periodic transfer of the cost of an intangible asset to expense?
amortization
The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
What are the basic issues related to accounting for intangible assets?
Some of the basic issues related to accounting for intangible assets are non-monetary assets which are not seeable. This generates time and effort to classify separate asset. Legal intangibles and Competitive intangible are customers' information, rights, and cost within the organization. It is also recorded as organization's cost.
What are some examples of intangible cost?
Costs which can not attributed with a usual financial analysis. For example if we talk about a gold mine project, the possible cost of law suits with local people around the gold mine due to the pollution of the gold mine is an intangible cost regarding the evaluation of the project.
Intangible benefits take into consideration both the and the of the idea's impact?
The output, the cost and the profitability of the idea's impact are some of the intangible benefits to take into consideration both at the end and beginning of an idea's impact.
How much money would it cost to buy the Film Industry?
The "film industry" is intangible therefore impossible to purchase.
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
