Intangible Assets lack physical substance but possess economic value and are long term assets of a firm. A business enterprise may acquire assets which do not have any tangible physical existence during the course of its operation. The intangible assets can be broadly classified into four categories: (i)                            Goodwill, arising out of payment made in acquiring another business or assets at higher value than book value or by a process of internal valuation of the worth of additional, extraordinary profit-earning capability of the enterprise due to reputation, brand name, location, management, etc. (ii)                         Rights, e.g. Patents, Copyrights, Trademarks, Licenses, Secret Processes, Franchises, etc. (iii)                       ‘Deferred Revenue Expenditure’ i.e., expenditure for which the payment is incurred in one accounting period whereas the benefits arising from such expenditures are likely to spill over to subsequent accounting periods, i.e., R&D costs, development expenditure, large marketing and advertisement campaign costs, etc. (iv)                       Debit balance or deficit in the profit and loss account representing accumulated losses. Intangible assets are sometimes classified as either identifiable or unidentifiable. Patents, licenses and trademarks are identifiable intangibles; they can be sold individually. By contrast, customer loyalty and a reputation for quality are unidentifiable intangibles; they cannot be realized without selling the entire enterprise. Tutors Kingdom provides the assignment and homework help related to Accounting for Intangible Assets round the clock by our tutors which have specialization in the field of accounts. The tutors at Tutors Kingdom helps student with difficulties that are faced in the problems of Accounting for Intangible Assets.  The assignment help or the homework help at Tutors Kingdom is not only cost effective but it also promises to resolve your problem within the due time, may it be in hours or in few days. You can submit the homework and all the doubts will get cleared. The Tutors Kingdom is the only place where you will get homework help and it also comes up with affordable pricing schemes time and again.