Question

Which is an example of an intangible asset?

Answer 1

For example, goodwill, patents, trademarks and copyrights are intangible assets. None of these assets can be physically touched, but they can still have value. The line item for intangible assets is found on the balance sheet.

Answer 2

An example for Intangible Asset is Brand name. Examples are Nike, Puma, Nestle, Sony, Samsung etc.

Intangible Assets are not physical assets like land, building, machinery etc. As the name suggests, it is intangible in nature and exists in forms such as brand name, goodwill, copyright, intellectual property right etc. Intangible assets such as brand name, goodwill etc. are normally established over a period of time, by providing exceptionally good quality products and good, professional customer service.