Term paper on Intangible Assets

The Term Paper is prepared as requirement of Intermediate Accounting on the topic Intangible Assets. This paper discusses different characteristics of intangible assists and initial valuation of intangible assets. It looks at the definitions Intangibles, types of intangibles, impairment of intangible assets, amortization, goodwill, copyright, patents, R&D costs, startup costs, franchise license, master valuation approach etc and also discusses other issues related with intangible assets. An asset that is not physical in nature. Corporate intellectual property, goodwill and brand recognition are all common intangible assets in today’s marketplace.