What is intangible assets?

Intangible assets refer to non-monetary long-term assets without physical form held by enterprises for producing goods or providing services, renting them to others or for management purposes.

The characteristics are as follows: 1, without physical form; 2. It can enable enterprises to obtain economic benefits in a long period of time, so it belongs to non-monetary long-term assets; 3. Holding is for use, not for sale; 4. There is great uncertainty about the economic benefits that can be provided for enterprises in the future.

Intangible assets are divided into identifiable intangible assets and unrecognizable intangible assets. Identifiable intangible assets include patents, know-how, trademarks, copyrights, land use rights and concessions. Unidentifiable intangible assets refer to goodwill.