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No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.

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Q: Is a prepaid asset considered an intangible asset?
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Intangible assets are assets that are not physical in nature. In today's marketplace, they include company's brand name, prepaid pension, goodwill, and company patents, among others.


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Yes, a license can be considered an identifiable intangible asset. An identifiable intangible asset is a non-physical asset that can be separately identified and has a measurable value. A license grants the holder the right to use a specific intellectual property or resource, and it can be bought, sold, or transferred, thus meeting the criteria of an identifiable intangible asset.


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