- Franchise License
Are Intangible Assets Current Assets FAQs
Are intangible assets current assets?No, intangible assets are not considered current assets for accounting purposes as their economic benefit almost always extends beyond 1 year.
What is a current asset?A current asset is an asset that will provide an economic benefit for or within one year.
Can intangible assets be current assets?No, only tangible assets can be counted as current.
What are some example of intangible assets?Examples of intangible assets are: trademarks, patents, copyrights, franchise licenses, and goodwill.
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.