Define “intangible asset.”


  Give three examples of intangible assets. 


At what value are intangible assets typically reported? 


. How does an intangible asset differ from property and equipment?


 . What is amortization? 6. How does a company typically determine the useful life of an intangible? 


. Under what circumstances could the cost to defend an intangible asset in court be capitalized to the asset account?