Intangible Assets

Intangible Assets

Intangible assets lack physical substance and usually are very hard to evaluate. They include patents, copyrights, franchises, goodwill, trademarks, trade names, etc. These assets are (according to US GAAP) amortized to expense over 5 to 40 years with the exception of goodwill. Some assets such as websites are treated differently in different countries and may fall under either tangible or intangible assets.
See Also
Accounting
External Links
Article from Oklahoma State University
Roundtable on accounting for intangible assets
This entry includes content from the following Wikipedia article:
Asset