Intangible asset: non physical business value recognized as amortizable or convertible to cash under standard definitions. An intangible asset is a non physical resource with business value that may be amortized or converted to cash; examples include patents, goodwill, ... Summary
Intangible asset: non physical business value recognized as amortizable or convertible to cash under standard definitions.
An intangible asset is a non physical resource with business value that may be amortized or converted to cash; examples include patents, goodwill, computer programs and rights such as prepaid services, emphasizing amortizability, convertibility and non physical existence as the defining characteristics.
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