( Accounting : Financial statements )
Assets such as patents, trademarks, or goodwill are known as intangible assets in contrast to the physical ones such as plant and machinery.
Accountants are struggling to find a way to measure such intangible assets as a company's research and development, the value of its brands, and even its general
Intangible assets are assets which are not physical, such as trademarks, customer lists, and goodwill.
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