Section 2
Types of Intangible Assets
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
5 concepts
Trademarks
A trademark is an intangible asset legally preventing others from using a business's logo, name, or other branding.
Copyrights
A copyright is an amortizable, intangible asset that is used to secure the legal right to publish a work of authorship.
Patents
A patent is an amortizable, intangible asset that grants a business the sole right to manufacture and sell an invention.
Goodwill
Goodwill is an intangible asset that equals an acquired company's purchase price minus the value of its net assets when it was acquired.
Franchises and Licenses
Franchises and licenses are intangible assets that legally entitle a business to sell a product or service developed by another entity.