Answer:
see below
Step-by-step explanation:
An intangible asset is an asset with no physical presence with a useful life of more than one year. Intangible assets cannot be touched or seen. Like other assets, they create wealth for a business. Their value is recorded in the financial books and spread throughout their useful life through amortization.
Examples of intangible assets include a brand name, goodwill, and intellectual properties such as copyright and patents. These assets do not have any physical substances. Intangible assets contrast tangible assets such as land, buildings, and motor vehicles. Intangible assets can be acquired or be created just like tangible assets.