(United States). Median pay for Licensed Professional Counselors in the United States is around $44K annually. Earnings generally vary between $33K and $74K per year. The most important factor affecting compensation for this group is career length, followed by geography and the individual firm.
intangible asset. An asset such as a patent, goodwill, or a mining claim that has no physical properties. Since intangible assets are often difficult to value accurately, such assets when included on a corporate balance sheet may have a true value significantly different from the dollar amounts indicated there.
The allocation of the cost of intangible assets in a systematic way. Intangible assets have two main characteristics: (1) they lack physical existence, and (2) they are not financial instruments. In most cases, they provide services over a period of years and normally classified as long-term assets. Identify the costs to include in the initial valuation of intangible assets. Intangibles are recorded at cost. Cost include all acquisition costs and expenditures needed to make the asset ready for its intended use.