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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.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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