Answer :

Intellectual property, brand awareness and prestige, connections, and charity are examples of intangible assets in Section 197.

Intangible Assets, Section 197

A government unit or agency's license, permit, or other right. A non-compete agreement negotiated as part of the acquisition of a business interest. A trademark, trade name, or franchise etc.

An intangible asset is one that does not have a physical form. It is a long-term attribute that grows in value year after year. Intellectual property, brand awareness and prestige, connections, and charity are examples of intangible assets.

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