Intangible example sentences

The procedure for amortisation or periodic write-off of a portion of the cost of intangible assets is the same as that for the depreciation of fixed assets.Management is an intangible force: Management is an intangible force that cannot be seen but its presence can be felt in the way the organisation functions.Amortisation refers to writing-off the cost of intangible assets like patents, copyright, trade marks, franchises, leasehold mines which have entitlements to use for a specified period of time.It is because of the intangible aspect of services that trade in services is also known as invisible trade.According to Chief Justice Marshal, “a company is a person, artificial, invisible, intangible and existing only in the eyes of law.There are differing accounting policies for valuation of stock, calculation of depreciation, treatment of intangibles, definition of certain financial variables, etc.General Agreement on Trade in Services (GATS): Services means acts or performances that are essentially intangible and cannot be touched or smelt as goods.Service exports and imports involve trade in intangibles.To illustrate, valuing closing stock at cost or market value whichever is lower; creating provision for doubtful debts, discount on debtors; writing of intangible assets like goodwill, patents, etc.