That's a challenging question.
In many cases, it's actually an accountancy question. Different companies book intangibles differently. Sometimes they're booked as an asset. Sometimes they're booked as an asset at a fairly low value. Then there's also the notion of fair market value. If you were asking me which is the correct approach that might better capture intangibles, it's probably a fair market value approach. That's versus, potentially, a book value approach if we want to set thresholds.