Is R&D an Intangible Asset? Understanding its Value

Yes, R&D (Research and Development) is considered an intangible asset because it doesn't have a physical existence and can't be touched or seen. It represents an investment in developing new technology, products, processes, or services that have the potential to generate future economic benefits for a company. R&D investments often lead to the creation of intellectual property, such as patents, trademarks, and copyrights, which can provide a competitive advantage and contribute to long-term growth and profitability.