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Intangible Assets And What They Mean

Analyzing a company's financial statements is no easy task. Understanding what each line item actually means takes effort and study. On the balance sheet (where a company's assets, liabilities and net worth are summarized), one especially mind-boggling asset category is intangible assets. This is the value of assets that have no physical, or tangible value.

How can something without any physical value be called an asset?

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