Examlex
Locke suggested ___________ as a metaphor for the human mind at birth.
Intangible Assets
Non-physical assets that possess value due to their intellectual or legal rights and advantages (e.g., patents, trademarks).
Goodwill
An intangible asset that arises when a business is acquired for more than the fair market value of its net assets, representing the value of the business's reputation, brand, and other unquantifiable assets.
Intangibles
Assets that lack physical substance but possess value, such as patents, trademarks, and goodwill.
Amortization Method
A technique used to gradually write off the initial cost of an asset over a period, reflecting its consumption, wear and tear, or obsolescence.
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