Some of the accounts found in the general ledger of Marshall Corporation as of December 31, 2026, that should be classified as intangible assets include:
- Goodwill
- Internet domain name
- Radio broadcasting rights
- Customer list
- Video copyrights
- Trade name.
An intangible asset refers to an asset with no physical form.
An intangible asset is a long-term asset that accrues value every year.
Some examples of intangible assets include intellectual property, brand recognition and reputation, relationships, copyrights, patents, trademarks, trade names, customer lists, and goodwill.
Before an asset is recognized in the financial books, it must be a resource owned or controlled by an (economic) entity, used to produce positive and further economic value, and represent convertible ownership value.
List of Accounts:
Accounts receivable
Research & development costs
Goodwill
Internet domain name
Organization costs
Initial operating loss
Prepaid insurance
Non-competition agreement
Radio broadcasting rights
Customer list
Premium on bonds payable
Video copyrights
Trade name
Notes receivable
Thus, we can conclude that the recognizable Intangible Assets are:
Goodwill
Internet domain name
Radio broadcasting rights
Customer list
Video copyrights
Trade name.