Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives.

The assets you cannot touch or see but that have value. Intangible assets include franchise rights, goodwill, noncompete agreements and patents, among others. One of the line entries on your ...

Intangible assets are often intellectual assets, making it difficult to assign a value to them because of the uncertainty of future benefits. Tangible ... account for that item would meet the ...