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A patent or trademark. Drilling or Mining Rights. Goodwill (paid when a company is purchased).
Wiki User
∙ 16y ago
Wiki User
∙ 12y agoRegistered Patents (inventions) and Trademarks (names and slogans) are intangible assets. Also, Copyrights (written materials, songs) would be considered intangible.
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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 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.
Banks Tangible and intangible resources?
Tangible assets for a bank include all assets after making deductions for goodwill and intangible resources. Intangible assets have no physical properties.
Does depreciation is charged on intangible assets?
Depreciation is charged to tangible assets while amortization is used to charge intangible assets.
Is intangible assets a debit or credit?
Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.
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.
Are intangible assets included in liabilities?
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
What is Net tangible assets how it is calculated?
Net tangible assets are calculated as the total assets of a company minus any intangible assets. Intangible assets are goodwill, patents and trademarks.
What are the intangible assets?
Intangible assets are those assets which do not have physical substance and nobody can see it physically.Examples:1 - goodwill2 - patent3 - copyrights etc
Intangible assets on the balance sheet?
Below Fixed Assets
