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Definition of Intangible asset
1. Noun. Assets that are saleable though not material or physical.
Definition of Intangible asset
1. Noun. (accounting) Intangible personal property, acquired for money, that does not have a face value or a ready market. ¹
2. Noun. (business) Any valuable property of a business that is not does not appear on the balance sheet, including intellectual property, customer lists, and goodwill. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Intangible Asset
Literary usage of Intangible asset
Below you will find example usage of this term as found in modern and/or classical literature:
1. Principles of Accounting by William Andrew Paton, Russell Alger Stevenson (1916)
"Are such expenditures properly chargeable to an intangible asset account, or
should they be considered an expense? In so far as such a department is a ..."
2. OECD Territorial Reviews by Oecd (2001)
"The revenue- generating capacity of an intangible asset is much more ...
The historical cost of acquiring or creating an intangible asset is largely ..."
3. Accounting Theory: With Special Reference to the Corporate Enterprise by William Andrew Paton (1922)
"If this signification, without qualification, is carried over into accounting,
an intangible asset becomes any valuable consideration, factor, or element of ..."
4. The Future of Money by OECD Staff, Oecd (2002)
"The revenue- generating capacity of an intangible asset is much more ...
The historical cost of acquiring or creating an intangible asset is largely ..."
5. Software, Growth, and the Future of the U.S. Economy: Report of a Symposium by Dale Weldeau Jorgenson, Charles W. Wessner (2006)
"... issue of whether software is a tangible or intangible asset. Unable to come
to a decision on this point, the committee wrote in its Basis for Conclusion ..."
6. Journal of the House of Representatives by Texas Legislature. House (1918)
"By transferring the administration of the intangible asset laws to the Railroad
Commission and the Comptroller's Department, it can be administered without ..."
7. Auditing Procedure by William Burtis Castenholz (1918)
"It in no way affects operations; it is an intangible asset, to be sure, but it
has been paid for in cash or an equivalent; it should be carried on the books ..."
8. Goodwill and Its Treatment in Accounts by Lawrence Robert Dicksee, Frank Tillyard (1906)
"old established business, with its distinctive name, and with or without trade
marks, an intangible asset, which, within certain limits imposed to prevent ..."
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