{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

If for a given entity both the useful life column and

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online