The Asset which lacks physical substance and can not be easily converted into a cash within the Accounting Period.
Typical Intangible Assets include R&D, patents, copyright, franchises, goodwill, trademarks, trade names, software and other computer-based facilities.
See also
Business / Business Administration / Financial Management / Financial Accounting
[ Asset ] [ Fixed Asset ] [ Intangible Asset ] [ Current Asset ]
[ Amortization ]