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user491129284
Level 1

Does the ownership of an online store be intangible asset? We bought several online stores

 
2 Comments 2
Rustler
Level 15

Does the ownership of an online store be intangible asset? We bought several online stores

No

The main types of intangible assets are Goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copywrites), licensing, Customer lists, and R&D.

Rainflurry
Level 13

Does the ownership of an online store be intangible asset? We bought several online stores

@user491129284 

 

It depends on the allocation of the purchase price.  Was this an asset sale?  Did you allocate any of the purchase price to the intangibles that @Rustler mentioned?  If so, then yes, you would record that portion as an intangible asset.

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