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 ...

Discover how amortization and impairment affect intangible assets such as patents and goodwill, and understand their impact on a company's balance sheet.

If you're in the business of selling things to people or other businesses, most of those things will be objects with a real physical presence. Those are referred to broadly as tangible goods, but a ...