Intangible Assets - IAS 38

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Amit Daga

Assets that have a physical existence, or give the holders definite set of financial rights are classified as tangible assets, as opposed to intangible assets such as patents and goodwill. Cash and other tangible assets aren't the only things we can leave to our descendants. There are kinds of non-economic inheritance that are perhaps even more essential, notes Bankrate. Preserving memories through a family legacy project is an important form of cultural inheritance that gives life rich shades of added meaning. Understanding the true value of a family legacy contributes to a feeling of unity and purpose.