Intangible Assets

This is the right to use a space or an item for a certain period in exchange for regular payments. The company does not own the asset but has an agreement that allows them to use it as if they did, for as long as the contract lasts.

This asset includes the exclusive rights to something invented, like a unique product or technology. It gives the business protection and prevents others from using the same idea for a certain number of years.

1. This involves costs for creating a new product or process, especially after the basic idea is already in place. When a project has a good chance of future profit, these costs can be recorded as an asset.

1. These are digital tools or programs that help the company manage information, work efficiently, or engage with customers online. They can include websites and other applications the company develops or customizes for its own needs.

1. This asset represents the brand reputation, loyal customers, and general positive image of a business. It is recorded only when one company buys another for more than the value of its individual assets.

1. This is an exclusive right to operate under another company’s brand name, often with guidance and support from the brand owner. It lets a business use an established name and system to start up more easily.

1. This is the organized search for new knowledge, like new scientific findings or innovative solutions. It is the initial stage before creating something new, and costs are recorded as expenses until a clear project is identified.

These are official rights from a government or authority, allowing the company to use or manage a certain resource, such as land or water, under specific conditions for a certain time

1. This allows a company to produce, sell, or control something unique that it owns, like designs, logos, or brand names. These assets protect a business’s creative and unique work, often giving it a competitive edge.

1. This is a system where businesses receive permits that allow them to release certain levels of greenhouse gases. If a company reduces emissions below its allowed level, it can sell its extra permits to other businesses.