Long-Term Assets: Intangibles

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 8 in Financial Statements, 2022, pp 105-116 from Springer

Abstract: Abstract A company should measure an intangible asset at its fair value at the time of acquisition. The costs of internally developing, maintaining, or restoring intangible assets generally should be expensed as incurred (with some exceptions). Intangible assets other than goodwill may or may not be amortized depending on their useful lives to the entity: assets with finite lives are amortized; assets with indefinite lives are not. Goodwill is not amortized.

Date: 2022
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DOI: 10.1007/978-3-031-15663-2_8

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