If for a given entity both the useful life column and

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Unformatted text preview: I, G G I, R I G I, R, G I, R, G 1I, 1I, 2I, 1R, 1R, 1R, 2G 2G 2G Supra-National Accounting Organizations IASC I, R, G I, R, G European Union I, R, G R, G Sub-Total 2I, 2R, 1R, 1I, 0 2G 1G 1R, 1G Total 15I, 6I, 4I, 2I, 1R, 8R, 8G 11R, 3R, 2G 12G 6G 3 I, 3 R, 1 G Increase in value Revaluation 0 0 1I 1I 1I I, R, G I R, G 1R, 1G 0 I 1I 1I, 1R, 1G 1I 1R, 3G 1G 4I, 1R, 3G 3I, 2R, 5G 4 I, 1R 4 I = Other intangible assets; R = R&D costs; G = Goodwill. If for a given entity, both the “Useful Life” column and a maximum duration column are marked, this means that the entity concerned amortizes the intangible asset over its useful life, subject to an upper limit. 5 4 years. 6 10 years. 7 + formation costs. 8 10 years. 9 10 years. 20 years also possible. 15 Few countries do not apply amortization to intangibles once capitalized. The general trend as shown by table 6 is to amortize over the assets’ useful life, often subject to a legal maximum s duration of 5 or 20 years, with only the USA and Canada allowing a maximum of 40 years. However, in some countries amortization over the economic life 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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