What is an intangible asset?

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Accepted Answer

Intangible asset is a non-physical asset that has no intrinsic value but holds value due to its legal or intellectual property rights.

Intangible assets are not physical in nature and cannot be touched or seen.
They include patents, trademarks, copyrights, goodwill, brand recognition, and intellectual property.
Intangible assets are valuable because they provide a competitive advantage and generate revenue for the company.
They are recorded on the balance sheet and can be bought, sold, or licensed.
Examples of intangible assets include the Coca-Cola brand, Microsoft's software patents, and Disney's copyrights.

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