Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.
Additionally, financial assets such as stocks and bonds, which derive their value from contractual claims, are considered tangible assets.
Is stock an intangible asset?
In financial accounting, an asset is any resource owned by the business. Examples of intangible assets include goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.
Which is an example of an intangible asset?
Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill.
What is the difference between tangible and intangible assets?
Tangible assets are physical in nature that can be either long-term or short-term assets. Intangible assets are long-term assets that are not physical, but rather, intellectual property. Both tangible and intangible assets are recorded on the balance sheet.
What is tangible asset?
Tangible asset are assets that have a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset.