Prior to the Scramble for Africa, or the official partition of Africa by the major European nations, African econolnies were advancing in every area, particularly in the area of trade. The ainl of colonialisln is to exploit the physical, human, and econol11ic resources of an area to benefit the colonizing nation.
Net tangible assets represents the amount of physical assets minus the liabilities present in a business. The calculation takes the difference between the fair market value of tangible assets (cash, accounts receivable, inventory, capital assets, etc) less the fair market value of all liabilities (accounts payable, debt, etc). Net tangible assets exclude intangibles such as goodwill. Divestopedia explains Net Tangible Assets.
Internally Generated Computer Software (IGCS) is the most common type of intangible asset that is internally generated. Computer software is considered internally generated if it is developed in-house or by a third party contractor on the USGâs behalf..11.1 Intangible Assets Definition. An intangible asset is an asset that is acquired through purchase, license, and donation, or is internally generated and possesses all of the following characteristics: 1  Lack of physical substance. 2  Nonfinancial nature.