What are intangible assets in business?

[Fidelia]

Business assets help to determine the value and net worth of the business. But I am hearing so much about intangible assets. What are the intangible assets that a business organization has? And how are they valued?

 

[King Belieal]

The intangible assets in the business could be the brand reputation of the business and patents that the business owns.

 

[Suba]

Intangible assets are types of assets that cannot be seen or touched like crypto, some examples of intangible assets such as copyrights, brands, trademarks, goodwill, franchise agreements, etc. One way that accountants often use to value intangible assets is market price minus book value.

 

[Augusta]

Intangible assets are valuable resources without a physical form, such as intellectual property, brand recognition, and customer relationships