The objective of a rearrangement is to create a new capability for the asset, but not necessarily extend its useful life.
Goodwill, brand equity, intellectual properties (trade secrets, patents, trademarks, and copyrights), licensing, customer lists, and R&D are the key categories of intangible assets. Intangible asset values are typically not disclosed on the balance sheet.
You can touch something that is actually tangible. Both a rock and a damaged window are palpable; if the rock is laying close to the window, it may be visible proof of vandalism. When we remark that a room's tension is "palpable," we imply that we can almost physically feel it there.
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