It is also open to debate whether computer software and digitalized data can be
classified as intangibles. Both software and stored digital data require physical
embedding. They can be handed over to a third party and sold or purchased at fixed
prices. Accepting software as intangible capital would imply that a car is mainly
intangible capital in the sense that what makes it a car is its highly sophisticated embedded technology and technical design, not the steel, plastic or aluminium. In this
respect computerized information (software and digitalized data) belongs to
intangibles only after it has been capitalized expressly as new capital. Computerized
information continuously forms new capital in the knowledge economy, i.e. it has
indisputable capital values.