Intangible Assets Definition

In business, an intangible asset is something of value that is not a physical object. An example is a patent.

Intangible Assets Expanded Definition 
Intangible assets are items owned by a business that do not have a physical presence. These items cannot be touched or measured but are still considered assets.

Examples of intangible assets include:

• Copyrights
• Patents
• Customer lists
• Goodwill
• Trademarks

While accounting for intangible assets, use a financial statement called a balance sheet.

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Last Updated By

Rachel Blakely-Gray | Apr 12, 2023