14 table 6 treatment of decrease and increase in

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Unformatted text preview: No explanation Asset Infinite useful life No amortization Written off against reserves If useful life > Upper limit (number of years): Impairment Countries which amortize intangible assets do not always behave in the same way as regards the duration of amortization. Some official standards simply indicate that amortization must be recorded over the useful life of the asset; others meanwhile require amortization over the useful life, up to an upper limit (5, 20 or 40 years) (see table 6 below). 14 Table 6 - Treatment of Decrease and Increase in Value Countries and Organizations Decrease in value Amortization Useful Max: Max: life4 5 20 years years European Union Austria I, R, G Belgium I, R, G Denmark I Finland R, G I, G France I I G5 I, R, G Ireland Italy I I I G8 No amortization Capitalized No explanation If unlimited useful life If useful life > maximum period, Impairment I, R, G Luxembourg Netherlands Portugal Spain Sweden UK Sub-Total Written off against reserves R, G Germany Greece Max: 40 years Other countries Australia Canada Japan Norway Switzerland USA Sub-Total I, G 10I, 3R, 5G I R I, R Trademarks I, R, G I, R, G G I, R, G G, trademarks G I, R I, R, G6 R, G7 R, G R, G I, R I, R G9 I, G 5I, 2I, 9R, 1R, 9G 3G G G 2G 1G G I, G I, G 2 I, 1 R, 3G 1 I, 1 R, 4 G I 2 I, 1 R I 0 I...
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This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.

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