Because intangible assets have no physical form:

Question

Quizplus · Accepted Answer

Intangible assets, despite having no physical form, are subject to the same recognition criteria as other assets. They can be recognized if they meet the definition and recognition criteria of an asset, which includes the ability to measure their value reliably. They are not immediately expensed (unless they have no future economic benefit) and they do have real value, which should be reflected in accounting reports if recognition criteria are met.

Because Intangible Assets Have No Physical Form