This chapter discusses the accounting for indefinite-lived intangible assets, including how to determine if an intangible asset is indefinite-lived and how to assess such assets for impairment.
Related content
  • Presentation and disclosure guidance related to indefinite-lived intangible assets is included in FSP 8.8. Additionally, for private companies, see FSP 8.10.1.
  • The initial accounting for intangible assets acquired in a business combination or an asset acquisition is addressed in BCG 4 and PPE 2, respectively.
  • The accounting for finite-lived intangible assets, including how to determine their useful lives and method of amortization, is included in PPE 4. How to assess, calculate, and record impairments on finite-lived intangible assets is included in PPE 5.
  • Guidance on the initial recognition and measurement of goodwill is included in BCG 2.6.
  • Accounting for goodwill post acquisition is addressed in BCG 9.
  • Guidance on the derecognition of nonfinancial assets (which includes intangible assets) is included in PPE 6.
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