An example of an intangible asset is accounts receivable because the company does not see or feel it until it is paid in full.

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Accounts receivable is a tangible asset, as it represents a promise of payment from a customer or client. It is recorded on the company's balance sheet and has a monetary value that can be measured and accounted for. Intangible assets, on the other hand, include things like intellectual property (e.g. patents, copyrights, trademarks), brand recognition, and customer goodwill, which cannot be touched or seen but still have value to the company.

An Example of an Intangible Asset Is Accounts Receivable Because