The Asset which lacks physical substance.
Typical Intangible Assets include R&D, patents, copyright, franchises, goodwill, trademarks, trade names, software and other computer-based facilities.
The Intangible Assets normally lose their value over time which accounts as Amortization in Financial Accounting.
Intangible Assets can be both Short Term and Long-Term.
See also
Business / Business Administration / Financial Management / Financial Accounting
[ Asset ] [ Fixed Asset ] [ Intangible Asset ] [ Current Asset ]
[ Amortization ]