Question

Explain the types of Intangible Assets.

Answer 1

WHICH MEANS OF INTANGIBLE ASSETS :-

• Resources which don't have any physical presence are named as elusive resources i.e., the benefits that don't have any physical structure. The significance of word TANGIBLE is that can be seen and contact subsequently, elusive resources the word itself characterize are those that can't be seen and contacted.

CLASSIFICATION OF TYPES OF INTANGIBLE ASSETS :-

• Generosity : Goodwill is basically, the valuation of a brand name in bookkeeping terms. At the point when a business is sold or merger is done the distinction among resources and obligation is taken as altruism i.e., premium because of the brand picture of business.
• License are profoundly important, under the administrative enterprises. Licenses are taken up as authorization of the concerned specialists to do the concerned activities in business condition, in this way are important unmistakable resources of a business.

TRADEMARKS :

• Trademarks are only visual example of brand. This gives a picturization to the brand and henceforth, turns into a critical significant substantial resource.

COPYRIGHT :

• It is fundamentally, taking up a privilege to imaginative and scholarly exercises.

PATENT :

• This benefit concede a business,an selective ideal to make and sell a specific item or utilize a particular creation for such generation.