Section 1
Introduction to Intangible Assets
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
3 concepts
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Characteristics of Intangible Assets
Intangible assets are identifiable non-monetary assets that cannot be seen, touched, or physically measured.
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Valuation of Intangible Assets
The valuation of intangible assets are primarily derived from transactions involving intangible assets.
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Amortization of Intangible Assets
The costs of intangible assets with identifiable useful lives are amortized over their economic/legal life.