Discover the definition of assets, their types, and examples. Learn why assets are important for personal and business finance.

Annuities and cash-value life insurance policies, such as whole life, universal life and variable life, are assets because they accumulate cash value from interest earned on some or all of your ...

Similarly, intangible assets are increasingly common assets within businesses (e.g., goodwill, software, patents, trade secrets, etc.) as companies race to develop new ideas to outperform competitors.

Learn what assets are, the different types you can own and how they impact your financial growth. A Guide To Personal Assets: Types, Examples and How They Grow Your Wealth Skip to main content ...

Intangible assets, such as copyrights, patents, ... For example, an asset with a book value of $10,000 and a fair market value of $8,000 has impairment loss of $2,000. More For You.

Synergies occur when intangible assets are complementary to other assets. For example, Amazon’s Alexa software is much more valuable when paired with their Echo hardware.

Consider examples of intangible assets that are the result of contractual or legal rights—patents, licenses, trademarks and franchise and servicing rights. The contract benefits typically are for a ...

Unless otherwise stated in IRS regulations, you must amortize your intangible assets over a maximum period of 15 years. You must use the straight-line method to calculate the amortization deduction.

An intangible asset is something of value that is not physical in nature. Classic examples include brands, goodwill, patents, trademarks, and copyrights. These are worth a great deal to companies ...

When intangible assets should not be amortized Most physical capital assets will depreciate over time. Land is one of the rare examples where a physical asset should never be depreciated. For ...

5 Intangible Assets You Get By Working With A Wealth Management Firm. By ... One tactic, for example, is an irrevocable life insurance trust to pay an estate tax bill.