Financial Statements
Intangible Assets
Nonphysical assets such as patents, trademarks, software, or customer relationships.
Also called: intangibles
What it means
Intangible assets are long-term assets that do not have physical form. Examples include patents, trademarks, licenses, software, customer relationships, and certain acquired technology or brand assets.
Why it matters
Some businesses depend heavily on intangibles, so users need to understand what supports reported asset values.