Intangible Asset definition

Intangible Asset means any asset (either as a single or as a batch) without physical substance but which is identifiable and controlled through custody or legal rights, for example, most commonly (but not limited to) software licences, quotas, patents, copyrights, franchises and trademarks purchased, donated or developed together, which cost more than the Capitalisation Threshold; and has an economic life of twelve (12) Months or more; and is purchased, developed or maintained wholly or partially using the Grant;
Sample 1Sample 2Sample 3
Intangible Asset means any movable asset other than a tangible asset;
Sample 1
Intangible Asset means any asset which is treated as an intangible asset in conformity with GAAP, including, without limitation, leasehold rights, franchise rights, non-compete agreements, goodwill, unamortized debt discounts, patents, patent applications, trademarks, trade names, copyrights and licenses.
Sample 1Sample 2Sample 3

Examples of Intangible Asset in a sentence

  • Computer software is the only Intangible Asset which WATC has in its financial statements.

  • An Intangible Asset is de-recognised on disposal or when no future economic benefits are expected from it.

  • The company follows Intangible Asset model prescribed in the Appendix.Effective April 1, 2018, the Company adopted Ind AS 115 “Revenue from Contracts with Customers” using the cumulative catch-up transition method, applied to contracts that were not completed as of April 1, 2018.

  • An Intangible Asset is recognized if it is probable that future economic benefits that are attributable to the assets will flow to the entity and the cost of the assets can be measured reliably.

  • The amortization period and the amortization method for an Intangible Asset with a finite useful life are reviewed at the end of each reporting period.


More Definitions of Intangible Asset

Intangible Asset means an asset which does not have a readily determined value, such as goodwill, and is not generally offered for sale.
Sample 1Sample 2Sample 3
Intangible Asset means any property, other than tangible movable property or immovable property, that:
Sample 1Sample 2Sample 3
Intangible Asset will mean any patent, trademark, trademark license, computer software, trade name, masthead, brand name, slogan, copyright, reprint right, franchise, license, process, authorization, invention, know-how, formula, trade secret and other intangible asset, together with any pending application, continuation-in-part or extension therefor.
Sample 1Sample 2Sample 3
Intangible Asset means any asset having no physical existence, its value being set by the rights and anticipatory benefits that possession confers upon the owner. This includes intellectual property, licenses, franchises, marketable emission permits and emission offsets, etc.
Sample 1Sample 2Sample 3
Intangible Asset means anything that is capable of being an intangible asset within the meaning of FRS 105 and, in particular, includes—
Sample 1Sample 2Sample 3
Intangible Asset means any patent, trademark, trademark license, servicemark, servicemark license, computer software, trade name, masthead, brand name, slogan, copyright, reprint right, franchise, license, process, authorization, invention, know-how, formula, trade secret and other intangible asset, together with any pending application, continuation-in- part or extension therefor.
Sample 1Sample 2Sample 3
Intangible Asset means, license agreements, trademarks, trade names, patents, capitalized research and development, proprietary products (the results of past research and development treated as long term assets and excluded from inventory) and goodwill (all determined on a consolidated basis in accordance with GAAP.
Sample 1Sample 2Sample 3