Section 5
Reporting and Analyzing Intangibles
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
3 concepts
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Reporting Intangibles
Intangible assets are either recorded at cost or expensed as they are created.
Reporting R&D Cost
Expense R&D, unless items have alternative future uses, then allocate as consumed, or capitalize and depreciate as used.
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Analyzing Intangible Assets
Intangibles with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter.