Intangible assets mean a right owned by a firm for the future benefits of firm. These are unseen and non-physical assets of a firm which have their own value. These assets increase the value of a firm in the market. In general, when the products or services of a business firm become more popular then it gets a certain benefits which are not physically seen but to know the real worth of the firm these factors play a very significant role. For instance, at the time of purchasing or acquiring a business firm, intangible assets have their own importance. Following are the few examples of the intangible assets:
b) Trade mark
e) Data of customers, suppliers etc.
g) Special Techniques
Intangible assets are shown in assets side of balance sheet.
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