List of Tangible and Intangible assets

List of Tangible and Intangible Assets

Intangible Assets Tangible Assets
1. Legal Fees 1. Plant & Machinery
2. Patents 2. Cash & Cash Equivalents
3. Licenses 3. Land & Building
4. Trademarks 4. Equipment
5. Franchises 5. Furniture & Fixtures
6. Goodwill 6. Inventory
7. Copyrights 7. Marketable Securities
8. Brand Equity 8. Investments
9. Broadcast Rights 9. Raw Materials
10. Research & Development 10. Vehicles

 

Notes

Intangible assets: (invisible)

  1. Legal fees – It is an intangible asset as it refers to the fees incurred in the registration of trademarks and patents.
  2. Patents – A patent is an exclusive right that is granted to an inventor by law which permits them to exclude anyone from producing, using, or selling their invention for a given period.
  3. Licenses – refers to a right that is purchased to operate a business.
  4. Trademark – refers to a legal right that protects the distinct identity of a company. It can comprise of a name, logo, slogan, or anything that depicts a company’s unique identity.
  5. Franchises – refers to a license/permission granted by the owner, under certain conditions, to produce or sell a product or service.
  6. Goodwill – refers to the reputation of a company which is determined by its profits and losses.
  7. Copyrights – It is an intellectual property right obtained by a creator usually in the fields of art, music, literature, etc, which restricts a person from publishing the content without the consent of the owner.
  8. Brand equity – refers to the value of the unique identity of a business. It can be positive or negative.
  9. Broadcast rights – refer to the rights obtained under a licensing agreement for broadcasting a program.
  10. Research & Development – includes the development of software and technological innovations of a company.

 

Tangible assets: (visible)

  1. Plant & Machinery – used to convert raw materials into finished goods. They are recorded in the books of accounts at a depreciated value.
  2. Cash and Cash equivalents – It refers to the cash in hand and cash at bank. The cash equivalents are usually stated at the value they are convertible into cash.
  3. Land & Building – represents the ownership of a physical property of the business.
  4. Equipment – used in the production activities of a business.
  5. Furniture & Fixtures – refers to the movable equipment that is a part of the office layout.
  6. Inventory – refers to the valuable items which are usually stored in a warehouse with a plan of being sold or utilized in the process of production.
  7. Marketable securities – refers to the stocks, bonds, shares that can be easily converted into cash.
  8. Investments – refers to a liquid asset that is purchased with an expectation of being sold in the future.
  9. Raw materials – refers to the tangible materials used for manufacturing goods.
  10. Vehicles – The vehicles used by the proprietor such as a car or the trucks, tractors used for the operating activities of a business.