Definitions for intangible asset
in·tan·gi·ble as·set

Princeton's WordNetRate this definition:0.0 / 0 votes

1. intangible, intangible assetnoun

   assets that are saleable though not material or physical

WiktionaryRate this definition:0.0 / 0 votes

1. intangible assetnoun

   Intangible personal property, acquired for money, that does not have a face value or a ready market.

2. intangible assetnoun

   Any valuable property of a business that is not does not appear on the balance sheet, including intellectual property, customer lists, and goodwill.

ChatGPTRate this definition:0.0 / 0 votes

1. intangible asset

   An intangible asset is a type of asset that is not physical in nature. It includes things like patents, copyrights, franchises, goodwill, trademarks, trade names, and customer lists. These assets are often the intellectual property of a business, giving it a certain value. While they may not have a physical presence, they are often valuable resources contributing to a company's long-term success. Unlike tangible assets such as machinery, real estate, or inventory, the value of intangible assets can be difficult to quantify.

WikidataRate this definition:0.0 / 0 votes

1. Intangible asset

   Intangible assets have been argued to be one possible contributor to the disparity between company value as per their accounting records, and company value as per their market capitalisation. Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant. A number of attempts have been made to define intangible assets: ⁕Prior to 2005 the Australian Accounting Standards Board issued the Statement of Accounting Concepts number 4. This statement did not provide a formal definition of an intangible asset but did provide that tangibility was not an essential characteristic of an asset. ⁕International Accounting Standards Board standard 38 defines an intangible asset as: "an identifiable non-monetary asset without physical substance." This definition is in addition to the standard definition of an asset which requires a past event that has given rise to a resource that the entity controls and from which future economic benefits are expected to flow. Thus, the extra requirement for an intangible asset under IAS 38 is identifiability. This criterion requires that an intangible asset is separable from the entity or that it arises from a contractual or legal right.

Matched Categories

1. • Assets

How to pronounce intangible asset?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say intangible asset in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of intangible asset in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of intangible asset in Pythagorean Numerology is: 4

Examples of intangible asset in a Sentence

1. Ken Goldman:

   We think the answer arguably came yesterday in the form of a $15 billion intangible asset write-down for the Kraft and Oscar Mayer brands.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=intangible asset
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Intangible_Asset
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=intangible asset