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What is Intangible Asset? - International Valuation Standards

According to International Valuation Standard (IVS) 210, intangible asset is defined as follow:

An intangible asset is a non-monetary asset that manifests itself by its economic properties. It does not have physical substance but grants rights and/or economic benefits to its owner – IVS 210 Intangible Assets

The characteristics of the intangible assets differentiate them into different categories:

  • Marketing-related
  • Customer-related
  • Artistic-related
  • Contract-related
  • Technology-related

Source: International Valuation Standards

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