This article focus to Discuss on Intangible Assets. Intangible assets or resources include patents, copyrights, trademarks, trade names, franchise permits, government licenses, goodwill, along with other items that lack bodily substance but provide long‐term benefits on the company. Companies account for intangible assets much since they account for depreciable resources and natural resources. The procedure of allocating the cost of intangible assets to expense is callrd amortization, and companies typically use the straight‐line technique to amortize intangible assets.