Selling unidentifiable intangibles

Valuing Intangibles in a Business Combination  December 25, 2016 – 07:44 pm

What Are Intangible Assets?

The International Valuation Standards Committee defines intangible assets as “…assets that manifest themselves by their economic properties; they do not have physical substance, they grant rights and privileges to their owner; and usually generate income for their owner.  Intangible Assets can be categorized as arising from Rights, Relationships, Grouped Intangibles, or Intellectual Property.[i]

Probably the briefest definition was provided by the FASB:

…assets (not including financial assets) that lack physical substance.[ii]

Per the FASB, intangible assets are distinguished from goodwill.  The FASB provides specific guidance for the identification of intangible assets such that any asset not so identified would fall into the catch-all category of goodwill.

The Nature of Intangible Assets

Intangible assets are a subset of human capital, which is a collection of education, experience, and skill of a company’s employees.  Further, intangible assets receiving legal protection become intellectual property, which is generally categorized into five types: patents, copyrights, trade-names (-marks and –dress), trade secrets, and know-how.

Source: Business Valuation Appraisal Starting $695

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Wendy Gramm's key decision as chair of the Commodities Futures

The seminal historic event always affects the language. Already we can see that Enron is of this shattering magnitude. A stick-up artist goes into the Jiffy Mart to pull a heist. He whips his heater and says to the clerk, 'Put 'em up, this is an aggressive accounting practice.'
Or, you take your car to Ralph's Rip-Off Garage to get a 50-buck problem fixed and, sure enough, he bills you $6... and therefore more stability. What I see in these mega-banks in not diversification but more concentration of risk, which puts the taxpayers on the hook. It also creates a financial sector less responsive to the real needs of the economy.'
When you hear people say Enron represents a 'systemic' or 'structural' failure, this is what they're talking about. And that's what needs to be fixed.

Why buy new? Thrift shops merge hunger for greenness and bargains  — Elgin Courier News
In numbers of stores, Goodwill also is the dominant player in Fox Valley thrift-selling. Goodwill Industries of Southeastern Wisconsin owns and operates store donation centers at 260 Randall Road in South Elgin; 7777 Miller Road in Carpentersville; 140 S.

Related posts:

  1. What is unidentifiable intangibles?
  2. Valuating unidentifiable intangibles
  3. Buying unidentifiable intangibles