would you know what type of assets can be classified as intangible assets
I am looking at a set of accounts for a small consultancy business and they have a large value under intangible assets, which I thought was unusual
Hope this helps: Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. There are two primary forms of intangibles - legal intangibles (such as trade secrets (e.g., customer lists), copyrights, patents, trademarks, and goodwill) and competitive intangibles (such as knowledge activities (know-how),