intangible definition
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Intangible asset Intangible asset. An intangible asset is an asset that lacks physical substance (unlike physical assets such as machinery and buildings) and usually is very hard to evaluate. It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software and other intangible computer based assets.
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Part 5. Collecting Process The amortization of intangibles involves the consistent reduction in the recorded value of an intangible asset over time. Amortization refers to the write-off of an asset over its expected period of use (useful life).Intangible assets do not have physical substance.Examples of intangible assets are:1  Copyrights. 2  Customer lists. 3  Government licenses.mortization refers to the write-off of an asset over its expected period of use (useful life). Intangible assets do not have physical substance. Examples of intangible assets are: 1  Copyrights.
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What are Intangible Assets? Intangible Assets are generally shown in the Other Asset section of a Balance Sheet as one of the last items. The reason for their position on the Balance Sheet is they are not as liquid as many other Balance Sheet items and therefore, are not easily transferable to someone else in a short amount of time.
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tangible Adj. 1. tangible-perceptible by the senses especially the sense of touch;  skin with a tangible roughness . Antonyms: impalpable, intangible-incapable of being perceived by the senses especially the sense of touch; the intangible constituent of energy- James Jeans.
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- The five bubbles discussed here were among the biggest in history, and hold valuable lessons that should be heeded by all investors. Intangible Asset An asset that is not physical in nature. Corporate intellectual property (items such as patents, trademarks, copyrights, ...
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Part 5. Collecting Process An intangible asset is a non-physical asset having a useful life greater than one year. These assets are generally recognized as part of an acquisition, where the acquirer is allowed to assign some portion of the purchase price to acquired intangible assets. Examples of intangible assets are: 1  Marketing-related intangible assets. 2  Trademarks. 3  Newspaper mastheads. 4  Internet domain names. 5  Noncompetition agreements. 6  Customer-related intangible assets.
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intangible The reputation of a business has value but is an example of an intangible asset. that cannot be touched; incorporeal; impalpable. designating or of any of certain business assets, esp. goodwill, that have no material being but have monetary value. that cannot be easily defined, formulated, or grasped; vague.
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Intangible good From Wikipedia, the free encyclopedia. An intangible good is a good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps or virtual goods used in virtual economies are all examples of intangible goods.n intangible good is a good that does not have a physical nature, as opposed to a physical good (an object).
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- Describe three types of intangible resources/assets. a. Human . b. Innovative . c. Reputational . 7. Why is the value of intangible resources increasing relative to the value of tangible resources? a. Intangible resources are less visible, making it difficult for competitors to analyze, understand, imitate, purchase, or substitute for them. b. A competitive advantage based on an intangible resource is therefore more sustainable. c. Unlike tangible assets, intangible resources can be
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Capitalizing Intangible Assets Assets-Capitalizing Intangible Assets. Depreciation. Intangible assets are identifiable non-monetary resources that have no physical substance but provide the company controlling them with a benefit and, as a result, have a higher degree of uncertainty regarding future benefits.
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Tangibles, Intangibles, Universals, Values Tangibles, Intangibles, Universals, Values. While the meaning of the world around us lies with the tangibles, we often need intangibles to provide the sensory evidence that gives our brains the complete picture.
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Intangible property (October 2015) Intangible property, also known as incorporeal property, describes something which a person or corporation can have ownership of and can transfer ownership to another person or corporation, but has no physical substance, for example brand identity or knowledge/intellectual property.
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tangible tangible. adj. 1. capable of being touched or felt; having real substance: a tangible object. 2. capable of being clearly grasped by the mind; substantial rather than imaginary: tangible evidence. 3. (Law) having a physical existence; corporeal: tangible assets.
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intangible asset intangible asset. Reputation, name recognition, and intellectual property such as knowledge and know how. Intangible assets are the long-term resources of an entity, but have no physical existence. They derive their value from intellectual or legal rights, and from the value they add to the other assets.
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intangible asset Whereas tangible assets add to an entity's current market value, intangible assets add to its future worth. An approximation of the monetary value of a firm's intangible-assets is computed by deducting the net value of its tangible assets from its market value. In some cases (such as the Coca Cola trademark), the value of a firm's intangible assets far outweighs the value of its tangible assets.
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Intangible asset Intangible Asset. Definition: An intangible asset is a non-physical asset having a useful life greater than one year. If an intangible asset is determined to have a useful life, then its book value is amortized over that useful life.
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Tangible and Intangible â Business Definitions and Use A great example of this is the asset ‘Software’. Now the classic definition would have this asset fall into the intangible group. The reality is that in accounting, we actually class this asset as a tangible asset. This relates to one of the tenets of accounting which refers to consistency.
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What Are Intangible Assets? Examples of intangible assets. Assets without physical substance are created daily, continually expanding the definition of an intangible asset. Any resource controlled by an entity as part of a purchase or self-creation that creates a certain economic benefit constitutes an asset.xamples of intangible assets. Assets without physical substance are created daily, continually expanding the definition of an intangible asset. Any resource controlled by an entity as part of a purchase or self-creation that creates a certain economic benefit constitutes an asset.
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Thyroid and Parathyroid Glands: Introduction and Index The thyroid gland also produces another hormone called calcitonin, and the parathyroid glands secrete parathyroid hormone. Parathyroid hormone and calcitonin participate in control of calcium and phosphorus homeostasis and have significant effects on bone physiology.he thyroid gland also produces another hormone called calcitonin, and the parathyroid glands secrete parathyroid hormone. Parathyroid hormone and calcitonin participate in control of calcium and phosphorus homeostasis and have significant effects on bone physiology.
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tangible : able to be touched or felt. 1  tangible objects. 2  the company's tangible assets [=its buildings, equipment, etc.] 3  Their sense of relief was almost tangible.
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- 6. An intangible asset may be acquired individually or with a group of other assets. This FSP applies regardless of the nature of the transaction that resulted in the recognition of the intangible asset, that is, whether acquired in a business combination or otherwise. Subsequent Measurement—Determining the Useful Life 7.
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intangible asset Definition. Reputation, name recognition, and intellectual property such as knowledge and know how. Intangible assets are the long-term resources of an entity, but have no physical existence. They derive their value from intellectual or legal rights, and from the value they add to the other assets.eputation, name recognition, and intellectual property such as knowledge and know how. Intangible assets are the long-term resources of an entity, but have no physical existence.
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- Intangible assets can sometimes outweigh tangible assets in terms of value, and they are a defining factor for the long-term success of a business. Despite their importance, however, intangible assets are sometimes difficult to recognize, define and measure.
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- A company's nonphysical assets, such as intellectual property (items such as patents, trademarks, copyrights, and business methodologies), goodwill, and brand recognition; an intangible asset can be classified as either indefinite or definite.n asset such as a patent, goodwill, or a mining claim that has no physical properties. Since intangible assets are often difficult to value accurately, such assets when included on a corporate balance sheet may have a true value significantly different from the dollar amounts indicated there.
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- Definition of intangible asset in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is intangible asset? Meaning of intangible asset as a finance term.
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Definition of Intangible Sales Selling often involves purveying physical products like furniture or automobiles. In other cases, salespeople offer intangible services that may hold less obvious benefits. While sellers of tangible ...