Things that are bought and used loses a price value, meaning depreciation. The price that you paid for something, and used it one year and is not worth the same price the next. Intangible assets are assets that do not have physical substance , but often are valuable. Trademarks are considered intangible assets, because it belongs to that company and it gives the company exclusive rights for a certain amount of time...
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Trademarks are considered intangible assets, because it belongs to that company and it gives the company exclusive rights for a certain amount of time. Brand name products are an example, Nike, Wal-Mart, they all have a name with a marketing tool such as; bouncing, talking smiley face. This data is used to inform a company what they are basically worth...
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