Intangible assets are those assets which are not in physical form that is they cannot be touched or felt but they have value attached to them because they help the company in making profits or giving the company a competitive advantage as compare to other in the same industry in which company operates. Here is the list of intangible asset for a company –
1. Goodwill – It refers to the excess value of the assets and liabilities of the company over and above the book value.
2. Patents – It can be defined as right by which only the inventor of the technique can use it for a certain period of time.
3. Trademark – It refers to a sign which distinguishes the products or services of the company from others and therefore it cannot be used by others to mislead the customers.
Apart from above there can other intangible asset also depending on the nature of industry in which company operates.