Intangible asset
In accounting, intangible asset means a non-physical asset other than goodwill — software, customer lists, patents, trademarks — amortized over its useful life unless indefinite-lived.
- Layer
- Lexicon
- Defined in
- Lexicon
- Nearby
- 4
Authority
This definition follows ASC 350-30.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- goodwill
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
6Statements
Family specTerms this one depends on
- Useful lifeThe period over which an asset is expected to contribute to cash flows, which sets the depreciation period — an estimate, revised prospectively
- GoodwillThe excess of the consideration paid in a business combination over the fair value of the identifiable net assets acquired — not amortized by public companies, tested for impairment at least annually
- AssetA present right of the entity to an economic benefit (FASB CON 8 ¶E16)
Also in Fixed assets & leases
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.