Intangible assets are non-monetary assets with no physical form. Sometimes, intangible assets can be monetary and people might agree with me after reading this-
Microsoft OS (biggest intangible in services industry) disclaimer: TRANSFER TO A THIRD PARTY. The first user of the software may make a one-time transfer of the software and this agreement, by transferring the genuine proof of license directly to a third party. The first user must remove the software before transferring it separately from the licensed device. The first user may not retain any copies of the software. Before any permitted transfer, the other party must agree that this agreement applies to the transfer and use of the software. If the software is an upgrade, any transfer must also include all prior versions of the software.
So, this can be liquid asset once sold at lowered cost. Any opinions are most welcome.
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