How To Amortize Assets 11 Steps With Pictures
Intangible assets include patents, copyrights, and intellectual property. Tangible assets include land, buildings, equipment, and vehicles. It is a non-physical asset that has value to the company. It is an intangible asset that has measurable effect, such as cost (e. g. purchase price, taxes), that can benefit the company. The cost of preparing an intangible asset is attributed to the asset’s intended use. For instance, an acquired patent is purchased for its intended use of protecting patent rights for an invention....