Just for the record, "capitalized" is a concept that records the cost of an item, whether intangible or tangible, as an asset rather than an expense,
The basic difference is that intangible assets are generally amortized while tangible assets are generally depreciated. It is somewhat of a distinction without a difference.
Further, certain intangibles that are sold, and previously amortized, are subject to recapture under Section 1245 (i.e., not a "permanent deduction").
