Define patents and goodwill, which are both intangible assets . Explain how the accounting differs between a

Question:

Define patents and goodwill, which are both . Explain how the accounting differs between a patent and goodwill.
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...