Some intangible assets that companies may report on their balance sheets include patents, copyrights, trade names, software development costs, and goodwill.
Required:
1.
Identify the intangible assets that would be typically amortized and that would not be typically amortized.
Intangible assets: These are the long-term assets which are not physical in nature, but possess value. The intangible assets would be amortized over their definite useful life or limited useful life, and those with indefinite or unlimited lives are not amortized.
The intangible assets that would be typically amortized are as follows:
These assets would be amortized based on the expected pattern of benefits which an intangible asset would produce...
2.
Identify the intangibles that must be reviewed for impairment annually.
Accounting Information Systems
Corporate Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial & Managerial Accounting
Financial Accounting
College Accounting, Chapters 1-27
Financial And Managerial Accounting
Principles of Microeconomics (MindTap Course List)
Foundations of Business (MindTap Course List)
Contemporary Marketing
Essentials of Business Communication (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Essentials of Economics (MindTap Course List)
Management, Loose-Leaf Version
Principles of Macroeconomics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Accounting Information Systems
Accounting (Text Only)
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
Financial Accounting
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Exploring Economics
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Cornerstones of Cost Management (Cornerstones Series)
Economics For Today
Practical Management Science
Purchasing and Supply Chain Management
Microeconomics
Macroeconomics
Economics (MindTap Course List)