Intangible assetshave two primary traits:

They do not have a physical substance.

They are not financial instruments.

Intangible assets acquire value from the rights and privileges granted from using them, such as patents, trademarks, or copyrights. These assets can be created internally or purchased. In addition, how each asset's cost is determined depends on use.

If the following Intangible assets are considerably higher than expected and you want to know whether each is properly categorized.

1. Technology-related
2. Contract-related

How do you compare and contrast the each category above.