An asset is a resource that generates an economic benefit for a business. An intangible asset is a non-physical asset, such as a copyright, patent or trademark. You recognize intangible assets in your ...
If you're in the business of selling things to people or other businesses, most of those things will be objects with a real physical presence. Those are referred to broadly as tangible goods, but a ...
Intangible assets, unlike physical ones, may evolve to a point where the business objective no longer has the capacity to utilize them effectively. This evolution triggers the need for transformation, ...