Net Intangible Assets

Definition: Finite-life intangible assets (patents, copyrights, customer lists) are amortized over their useful life. Indefinite-life intangibles (trademarks, …

Equation

Net Intangibles = Cost − Accumulated Amortization − Impairment

Finite-life intangible assets (patents, copyrights, customer lists) are amortized over their useful life. Indefinite-life intangibles (trademarks, goodwill) are not amortized but tested annually for impairment under ASC 350.

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