FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.

Detailed explanation-2: -Intangible assets are non-physical assets that have a monetary value since they represent potential revenue. Intangible assets include patents, copyrights, and a company’s brand.

Detailed explanation-3: -Intangible assets are the resources a business owns that cannot be moved, like equipment, or handled, like physical property. These intangible assets include goodwill, patents, trademarks, copyrights and more. They hold a lot of value for your business, even though they aren’t physical items you can touch.

Detailed explanation-4: -Technology-based intangible assets. Customer-related intangible assets. Contract-based intangible assets.

Detailed explanation-5: -An intangible asset is a non-physical asset that has a multi-period useful life. Examples of intangible assets are patents, copyrights, customer lists, literary works, trademarks, and broadcast rights. The balance sheet aggregates all of a company’s assets, liabilities, and shareholders’ equity.