what is intangible asset
An intangible asset is an idea, concept or legal right that has some monetary value, but is not physical in nature. In essence, an intangible asset is a piece of valuable property that you cannot touch, see, hear, smell or taste.It has real value and existence, but it has no physical embodiment.Intangible assets include intellectual property, licenses and approvals, and business good will.nother common form of intangible assets is a copyright. A copyright gives the holder of the copyright the exclusive right to use or sell a specific literary or artistic rendition. A copyright is a legal right that has value even though the copyright itself is made up of nothing physical.