An asset is a resource that generates an economic benefit for a business. An intangible asset is a non-physical asset, such as a copyright, patent or trademark. You recognize intangible assets in your ...

The assets you cannot touch or see but that have value. Intangible assets include franchise rights, goodwill, noncompete agreements and patents, among others. One of the line entries on your balance, ...

Quick definition: these are assets that a company owns that are not physical and can sometimes be unquantifiable. Short-term assets owned by a company are cash, receivables and inventory. Long-term ...