Examlex
An example of an intangible asset is:
Fair Market Value
The price at which an asset would change hands between a willing buyer and seller, both having reasonable knowledge of the relevant facts and neither being under any compulsion to buy or sell.
Ownership Transfer
The act of transferring the title or rights of property from one party to another.
Journalize
The process of recording financial transactions in a company's accounting records or journals.
Transactions
Acts of buying or selling goods, services, or financial instruments.
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