Hi Fidget, thank you for the comment.Intangible means lacking physical substance. So if a drawing exists, it has substance to it since it'll be either on some sort of paper or canvas. Asides from that, the existence of a drawing of a boat isn't likely, on its own, to bring any economic benefit to the company, so it's difficult to see how it could be capitalised in any shape or form.
That said, if the company went on to patent the design and then received money from others wanting to use that design, then there may be an intangible asset because the use allowed of the design which is owned by the company is generating money for the company.
It's not a straightforward thing, but that's the general gist of it.
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