INTANGIBLE ASSETS Definition

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INTANGIBLE ASSETS are non-physical assets (such as franchises, trademarks, patents, copyrights, goodwill, equities, mineral rights, securities and contracts as distinguished from physical assets) that grant rights, privileges, and have economic benefits for the owner.

Learn new Accounting Terms

USAGE VARIANCE is the difference between the budgeted quantity of materials and the actual quantity used.

COST OF REVENUE see COST OF GOODS SOLD.

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