 Hello, in this lecture, we're going to define intangible assets. According to fundamental accounts and principles, while 22nd edition, the term intangible assets means long term assets, resources used to produce or sell products or services usually lack physical form and have uncertain benefits. So we are talking about assets when we talk about intangible assets, they're going to be long term and that they're going to be used in order to help us generate revenue in the future as assets do. The thing that sets them apart is that they often lack physical form and given the case that they lack physical form, they can be more difficult to value in some cases. They have definite value, they have benefit to the company, they're going to help the company achieve the goal of generating revenue in the future, but they can be more difficult to value given the fact that they are intangible. These are things like trademarks. These are things like copyrights, patents. We could have brand names that have some intangible asset to them, as well as goodwill.