property or assets that are saleable though not possessing intrinsic productive value
intangible assets in Accounting
(ɪntændʒɪbəl æsɛts)
noun
(Accounting: Financial statements)
Intangible assets are assets which are not physical, such as trademarks, customer lists, and goodwill.
Assets such as patents, trademarks, or goodwill are known as intangible assets in contrast to the physical ones such as plant and machinery.
Accountants are struggling to find a way to measure such intangible assets as a company's research and development, the value of its brands, and even its generalreputation.
Intangible assets are assets which are not physical, such as trademarks, customer lists, and goodwill.