Quick Answer: Which Of The Following Types Of Intangible Assets Result?

An intangible asset is an asset that is not physical in nature. 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.

What are the 5 intangible assets?

The main types of intangible assets are Goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copywrites), licensing, Customer lists, and R&D.

What are the three major types of intangible assets?

Intangible assets include patents, copyrights, and a company’s brand.

Which of the following intangible assets are not amortized quizlet?

goodwill is considered an indefinite-life intangible, therefore is not subject to amortization.

Which of the following is not an intangible asset?

The correct answer is b) Research and development costs.

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What are the two main characteristics of intangible assets?

The two main characteristics of an intangible asset are that it is not physical, meaning it exists as a legal power, and that it is identifiably separate from other assets.

What are the four intangible assets?

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.

What are the types of intangible assets?

Types of Intangible Assets

  • Patents, copyrights and licenses.
  • Customer lists and relationships.
  • Non-compete agreements.
  • Favorable financing.
  • Software.
  • Trained and assembled workforces.
  • Contracts.
  • Leasehold interests.

How do you identify intangible assets?

According to the Standard, an intangible asset is recognized if, and only if:

  1. It is probable that future economic benefits attributed to the asset will flow to the entity.
  2. The cost of the asset can be measured reliably.

What are the examples of current assets?

Examples of current assets include:

  • Cash and cash equivalents.
  • Accounts receivable.
  • Prepaid expenses.
  • Inventory.
  • Marketable securities.

What are identifiable intangibles?

Identifiable intangible assets are those that can be separated from other assets and can even be sold by the company. These are assets such as intellectual property, patents, copyrights, trademarks, and trade names. Unidentifiable intangible assets are those that cannot be physically separated from the company.

Are intangible assets listed on the balance sheet?

Internally developed intangible assets do not appear as such on a company’s balance sheet. When intangible assets do have an identifiable value and lifespan, they appear on a company’s balance sheet as long-term assets valued according to their purchase prices and amortization schedules.

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Which of the following intangible asset should not be amortized?

Goodwill is an intangible asset that is not amortized, but is instead tested for impairment on an annual basis. The economic or useful life of an intangible asset is based on an estimate made by management and is subject to change under certain market conditions.

What is an example of intangible property?

Some examples of intangible personal property include image, social, and reputational capital, and recently, personal social media pages and other personal digital assets. Companies also have intangible property, such as patents, copyrights, life insurance contracts, securities investments, and partnership interests.

Which of the following is an example of intangible property?

Intangible property is property that does not derive its value from physical attributes. Patents, software, trademarks and license are examples of intangible property. On the other hand, business furniture and equipment are examples of tangible personal property.

What is an example of an intangible service?

Intangible services examples include tax preparation and personal finance consulting. Money makes people feel stressed and worried, so focus on taking those negative emotions away in your marketing and sales pitch.

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