Definition ∞ Intangible assets are non-physical assets that hold significant value for a company, such as patents, copyrights, trademarks, and goodwill. These assets do not have a physical form but contribute to future economic benefits. Their valuation and accounting treatment can be complex. Recognizing and measuring intangible assets is crucial for a complete financial picture.
Context ∞ The classification of certain digital assets, particularly those without direct physical representation or traditional legal frameworks, as intangible assets is a subject of ongoing accounting debate. Discussions include how to appropriately value and amortize these assets on a company’s balance sheet. Future developments will likely see accounting standards evolve to provide more explicit guidance on the recognition and measurement of various digital assets as intangibles.
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