Intangible assets are those that are not physical in nature. Well-known examples of intangible assets include research and development investments, copyrights, and brand value.

An example calculation of the amortization of an intangible asset Let's say that a company has developed a software solution to be used internally to better manage its inventory.

Some examples of intangible personal property include image, social, and reputational capital, as well as personal social media pages and other personal digital assets.

Calculate the sum of each individual intangible asset's amortization expense to determine your total intangible amortization expense. Continuing with the example, assume you have another patent ...

The tokenization of patents and the adoption of blockchain technology around smart intangible asset management will unlock the full potential of IP for enterprises.