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LaTonya Lewis-Tunsil
on Oct 16, 2024

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Intangible assets are long-term resources that benefit business operations that usually lack physical form and have uncertain benefits.

Intangible Assets

Assets that lack physical substance but have value due to the rights and advantages they provide to the business, such as patents, copyrights, and trademarks.

Uncertain Benefits

Advantages or gains that are not guaranteed or clearly defined, often associated with investments or business ventures.

Physical Form

Refers to the tangible structure or configuration of an object, particularly indicating its real, material state as opposed to a digital or conceptual form.

  • Recognize the nature and treatment of intangible assets within the accounting framework.
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Juventina Matul VicenteOct 19, 2024
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