Intangible Assets - Defined

Intangible Assets - Defined

Intangible assets are not physical in nature.

Examples include copyrights, patents, intellectual property and goodwill.

Firms that report an intangible assets figure (1B RMA-A) should remember that this amount is deducted  when calculating total capital resources (30A or 36A RMA-D).

Assets of this nature can not be easily realised so they are excluded from the calculation of the firm’s capital resource.

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