intangible asset is an identifiable non-monetary without physical substance, held for use in the or supply of goods or services, for rental to or for administrative purposes. Enterprises expend resources, or incur liabilities, on the development, maintenance or of intangible resources such as scientific technical knowledge, design and implementation of processes or systems, licences, intellectual market knowledge and trademarks (including names and publishing titles). Common examples items encompassed by these broad headings are software, patents, copyrights, motion picture customer lists, mortgage servicing rights, fishing import quotas, franchises, customer or relationships, customer loyalty, market share marketing rights. Goodwill is another example of an of intangible nature which either arises on or is internally generated. assets are typically physical assets or property by a company, such as equipment, buildings, and