Where goodwill and intangible assets are regarded as

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Unformatted text preview: s amortized as a Research and Development expense. Research and Development expenditures must be amortized as soon as possible, but within a maximum period of 5 years after the project has been completed. Swedish accounting standards require goodwill to be amortized over its useful life, which should normally not exceed 10 years. A maximum of 20 years is allowed. Such assets should be amortized by an appropriate amount, generally at least 20 percent annually ; in special circumstances, amortization at a lower rate may be considered to be in accordance with generally accepted accounting principles. Where goodwill and intangible assets are regarded as having limited useful economic lives, they should be amortized on a systematic basis over those lives. Where goodwill and intangible assets are regarded as having indefinite useful economic lives, they should not be amortized. There is a rebuttable presumption that the useful economic lives of purchased goodwill and intangible assets are limited to periods of 20 years or...
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