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Intangible Assets
Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.
Long-Lived Assets
Assets that are expected to provide economic benefits to a company for a period longer than one year.
Physical Substance
An attribute indicating that an asset has tangible form and can be perceived by the senses.
Copyright
A legal right granting the creator of an original work exclusive rights to its use and distribution, typically for a limited time.
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