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    Sunday
    Apr142013

    What are examples of intangible assets?

    An intangible asset is a non-physical asset having a useful life greater than one year. These assets are generally recognized as part of an acquisition, where the acquirer is allowed to assign some portion of the purchase price to acquired intangible assets.

    Examples of intangible assets are:

    • Marketing-related intangible assets
      • Trademarks
      • Newspaper mastheads
      • Internet domain names
      • Noncompetition agreements
    • Customer-related intangible assets
      • Customer lists
      • Order backlog
      • Customer relationships
    • Artistic-related intangible assets
      • Performance events
      • Literary works
      • Musical works
      • Pictures
      • Motion pictures and television programs
    • Contract-based intangible assets
      • Licensing agreements
      • Service contracts
      • Lease agreements
      • Franchise agreements
      • Broadcast rights
      • Employment contracts
      • Use rights (such as drilling rights or water rights)
    • Technology-based intangible assets
      • Patented technology
      • Computer software
      • Trade secrets (such as secret formulas and recipes)

    Related Topics

    Fixed asset impairment
    Intangible asset accounting
    What is amortization?
    What is the accounting entry for depreciation?
    What is the correct capitalization limit?

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    Reader Comments (2)

    Understand that customer lists can be considered as intangible assets. How about supplier list on the other hand? Can that also be considered as intangible assets? Please advise.

    December 30, 2012 | Unregistered CommenterA. Yeung

    A supplier list is not considered an intangible asset

    December 31, 2012 | Unregistered CommenterSteve Bragg
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