context: Intangible assets are said to be one of the contributing factors in determining the discrepancy between the value of the company according to its accounting records and the value of the company according to its market value. [1] With that argument in mind, it is necessary to understand the true nature of intangible assets from the accountant's point of view. A number of attempts have been made to define intangible assets:
question: What are the intangible assets?
answers.text: one of the contributing factors in determining the discrepancy between the value of the company according to its accounting records and the value of the company according to its market value