Intangible Assets are those you can't "touch or see" such as copyrights and patents. Pick two different types of intangible assets (such as patent and copyrights) and compare and contrast how they are capitalized and how they are amoritized (expensed over a number of years). Quickly talk about how you could manipulate the valuation of each for the benefit of the financial statement

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Intangible assets is an assets which has no physical substances It is an identifiable non monetary a... View the full answer