Trademarks are amortized over their economic life

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Unformatted text preview: will not be fully recovered from future revenues or cost savings. In practice, most companies expense development costs. Japan Goodwill must be fully amortized within five years after its acquisition. Intangible assets are amortized over their estimated useful lives. Generally the straight-line method of amortization is used. Research and development costs capitalized are to be amortized within 5 years. Norway Such assets should be amortized by an appropriate amount, generally at least 20 percent annually, unless it is clear that the value of the intangible assets will last for a longer period. Trademarks are amortized over their economic life. Goodwill is subject to annual amortization of 20 percent on the straight-line basis. Amortization can be based on a longer period, limited to a maximum of 20 years (5 percent). Switzerland According to ARR 9, intangible assets should be allocated on a systematic basis (generally the straight-line method) over their useful life. When useful life cannot be measured reliably, the amortization period should not...
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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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