Intangible assets allow firms to grow rapidly.
In part it is because many view data as intangible and esoteric.
For a discussion of property law relating to other forms of intangible assets, see intellectual property law.
But Jalpa Doshi, of the University of Pennsylvania, noted that one benefit of remdesivir might be intangible.
Capitalism without Capital: The Rise of the Intangible Economy.
So the risks of failure may put businesses off intangible investment.
Intangible assets are “non-rival” goods: they can be used by lots of people simultaneously.
As recently as 2007, ivory carving was listed as a “national intangible cultural heritage”.
UNESCO proclaimed Bunraku, as well as Kabuki, to be a Masterpiece of the Oral and Intangible Heritage of Humanity.
Furthermore, except in the most abstract way, it is not possible to speak of the possession of intangible property.
But if they develop an intangible within the business, that is classed as an expense, and thus deducted from profits.
By contrast, in the high-tech and health-care industries, they find an association between intangible investments and markups.
It would also eliminate the deduction for overseas income earned from American-based intangible assets like intellectual property.
Rigid accounting rules do not cope well with intangible capital, for instance by mostly booking spending on research as an expense, discouraging it.
One of the oldest minshuku on the mountain, this striking wooden building with its thatched roof has been designated an Intangible Cultural Property of Tokyo.
Under the present regime, most intangible assets are recognised in the balance sheet only when one company buys another and has to account for the “goodwill” part of the cost.
The paper’s message echoes the themes of a new book** by Jonathan Haskel and Stian Westlake, which explores the impact of the growing importance of intangible assets in modern economies.
Other intangible upsides include the new kind of creativity that can be fostered by working from home – thanks, for instance, to the ability to think more obliquely while going for a stroll, or finding inspiration while just flicking through a magazine.
"Even though at $10 billion the company didn't have earnings and looked very expensive by using the traditional metrics like price-to-book or even price-to-sales, because we believe the user base that they have was kind of an intangible asset," Oh said.
As the importance of intangibles has grown, so has companies’ need to protect themselves against “intangible risks” of two types: damage to intangible assets (eg, reputational harm caused by a tweet or computer hack); or posed by them (say, physical damage or theft resulting from a cyberattack).
intangible
noun possession
- assets that are saleable though not material or physical
adj all
- (of especially business assets) not having physical substance or intrinsic productive value
Example: intangible assets such as good will
adj all
- hard to pin down or identify
Example: an intangible feeling of impending disaster
adj all
- incapable of being perceived by the senses especially the sense of touch
Example: the intangible constituent of energy
adj all
- lacking substance or reality; incapable of being touched or seen
Example: that intangible thing--the soul
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