Lev, Baruch
March 2002
Financial Executive;Mar/Apr2002, Vol. 18 Issue 2, p35
Academic Journal
The article discusses attributes of intangible assets. In 2002 intangible assets in the form of patents, research & development, employee know-how, etc. accounted for at least half the market value of corporations. Yet traditional accounting systems fail to assign them proper value. As illustrated by the controversies surrounding the collapse of Enron Corp. and the proposed merger of Hewlett-Packard and Compaq, the value of intangibles can be grossly misstated. The author attributes this to several factors. As he explains, intangibles are inert, they require decision support systems, they amortize quickly, and they are frequently commodities. INSET: Organizational Infrastructure By Example..


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