Business Information is Useful for a Period of Time (Business Info)(02/2018)

(Credits):

--written by thewriter197
--employed by Ashford University



Information for certain business methods is intangible assets. Intangible assets are things that resemble intellectual property and used in making money. Examples of intellectual property are patents, business mythology, trademarks, copyrights, and things that are informational. The problem with valuating intangible assets is that the assets are only valuable for a period of time. In some cases, the intangible assets can be valuable for a long time. Reality, information is valuable for about ten years and then it is no longer valuable anymore. In other words, what you know is only valuable for about 5 to ten years. After that time period, what you know is no longer valuable. There are some information that will never change and will remain the same no matter what. However, the process for how people do business will change over time. But, there are some principles that will remain the same no matter what. There are principles that will change no matter what. Value of Intangible assets depend on the future of the world. What happens int he future will determine what information is useful and not useful. It all depends on what happens in the future. Sometimes, an intangible object can last forever but its tough. For example, everybody thought the music business would last forever but now its over. Its sad but as things change in life, things need to be sacrificed and thrown in the trash. Some ideas become obsolete and need be thrown in the trash. Determining the value of a intangible asset depends on how far that piece of information can take you. If not that far, then what you know or what a company know is no longer useful.



Reference:

https://www.corporatedisputesmagazine.com/disputes-relating-to-valuing-tangible-and-intangible-assets/