Definition of intangible assets
Intangible assets refer to non monetary long-term assets that are held by an enterprise for the purpose of producing goods, providing labor services, leasing to others, or for management purposes and have no physical form. Intangible assets are divided into identifiable intangible assets and unidentifiable intangible assets. The identifiable intangible assets mainly include patent rights, non patented technologies, trademark rights, copyrights, land use rights, concessions, etc. The unidentifiable intangible assets are goodwill.
If an asset of an enterprise is recognized as an intangible asset, it needs to meet the definition and recognition conditions of the intangible asset, that is, the economic benefits related to the intangible asset are likely to flow into the enterprise, and the cost of the intangible asset can be reliably measured.