What are the Intangible assets?

Answer Posted / shweta trivedi

Intangible assets are defined as those non-monetary assets
that cannot be seen, touched or physically measured and
which are created through time and/or effort. There are two
primary forms of intangibles - legal intangibles (such as
trade secrets (e.g., customer lists), copyrights, patents,
trademarks, and goodwill) and competitive intangibles (such
as knowledge activities (know-how,knowledge), collaboration
activities, leverage activities, and structural
activities).

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How will you define the concept of diminishing marginal utility?

635


How to reporton accounting procedures of any organization and what is the role of Indian GAAP in accounting procedures.

1545


What are the destinations of LIC?

659


What are the different types of financial reporting?

585


what is the short cut to retrieve the last line which is removed in Tally ERP 9?

731






Where have you saved money, handled more with less or found other ways to cut cost or increase productivity?

670


Do have any idea about Triple Talaq?

637


What are the different types of Insurance coverage?

609


What is 'zero based budget (zbb)'?

673


Any idea about PayPal?

619


What is devaluation and depreciation of currency?

676


How is cash flow statement different from a funds flow statement?

608


Explain About Openpages?

611


What do you understand by foreign draft?

615


who regulates the mutual funds in india?

659