Customer List Intangible Asset

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Questions & answers

An intangible asset is a non-physical asset that has a useful life of greater than one year. Examples of intangible assets are trademarks, customer lists, motion pictures, franchise agreements, and computer software.
Key Takeaways. Customer loyalty, brand reputation, and other non-quantifiable assets count as goodwill. Intangible assets are those that are non-physical, but identifiable.
Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill.
The cost of generating an intangible asset internally is often difficult to distinguish from the cost of maintaining or enhancing the entity's operations or goodwill. For this reason, internally generated brands, mastheads, publishing titles, customer lists and similar items are not recognised as intangible assets.
Types of Intangible Assets However, some of the more common types include: Patents, copyrights and licenses. Customer lists and relationships.
An intangible asset is a non-physical asset that has a useful life of greater than one year. Examples of intangible assets are trademarks, customer lists, motion pictures, franchise agreements, and computer software. More extensive examples of intangible assets are noted below.