Intangible Asset Amortization
Given the following account balances at year end, how much is amortization expense on Anisha Enterprises income statement for the current year if Anisha thinks all of its intangibles should be amortized over ten years?
Total Intangible Asset Calculation
In this example, we add the following accounts: Patents, Trademarks, and Goodwill. In some cases, we might leave our research and development because this is not treated the same as an asset in the United States, but rather it is expensed.
- Student: Astrid M.
- Textbook: ACC 291
- Course: Accounting Week 2