In accounting standards, intangible assets refer to non-monetary long-term assets held by enterprises for producing goods, providing services, renting them to others or for management purposes, and have no physical form. However, the leased patent right cannot be regarded as intangible assets unless it is a financial lease.
The definition of intangible assets also includes patent right, non-patented technology, trademark right, copyright, land use right, franchise and so on. These assets are obtained or created by enterprises for production and business activities, which can bring future economic benefits to enterprises, but do not have material entities.