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Jordan Davis
on Nov 18, 2024

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An intangible asset is one that has a physical existence.

Intangible Asset

An asset that lacks physical substance, such as patents, trademarks, and goodwill, and provides economic benefits to its owner.

Physical Existence

The actual, tangible presence of items or assets, often verified during inventory or asset audits.

  • Distinguish between tangible and intangible assets.
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Carlos & KailyNov 24, 2024
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