Intangible assets, such as copyrights, patents, trademarks and goodwill, don't have physical substance but still contribute value to a company. Accountants record intangible assets according to their ...

To appropriately record the amortization of an intangible asset, you need to know the useful life of the item in question, how much it cost to acquire and whether it will have any resale value after ...

When a company sells an asset, an accountant must reconcile that sale on the company's books to ensure an accurate balance sheet and income statement. Read on to find out exactly how this process is ...