Accounting Dictionary - Letter I

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Intangible assets
are assets that lack physical existence and are not financial instruments. Intangible assets are usually classified as noncurrent (long-term) assets because they produce benefits over more than one year. Intangible assets are valuable because they provide rights and privileges to their owners. Examples of intangible assets are parents, trademarks, customer lists, broadcasting licenses, and goodwill.
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