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Intangibles

Non-Physical Assets
Intangibles are important assets that are non-physical in nature. Knowledge Management (KM) is often referred to as Intangibles Management and vice versa. Intangibles often account for more that 80% or 90% of a firm's market capitalization. In contracts, book value, or tangible assets, account for only a small fraction of market cap. In many cases, this is less than 5%. Intangibles deserve far greater attention and investment than they have received in the past.