Intangible assets are assets that cannot be touched. Here are some examples of intangible assets: 1. Brand name 2. Trademarks 3. Patents 4. Software 5. Whole businesses
In today's age of capitalism without capital, intangible assets are playing a greater role than ever before. Unfortunately, they are hard to value.
The balance sheets do mention goodwill and intangible assets but they are not very accurate.