Intangible assets are non-physical assets that can be recognized if they are identifiable. This article discusses intangible assets other than goodwill and those used for sale. Goodwill is also subject to amortization. Intangible assets do not include financial assets or mineral rights. Legal enforceable rights are key in determining if an intangible asset can be capitalized. These assets are initially measured at cost, with specific guidance provided for different scenarios. An intangible asset is recognized as an asset when it is likely to bring future economic benefits and its cost can be reliably measured.