Accounting › Section J · Long-term assets › Topic J.3
Accounting for intangible assets
Patents, copyrights, trademarks and goodwill can be worth more than a company's buildings, yet many never reach the balance sheet. The rules decide which intangibles are recorded, how their cost is spread, and when goodwill is written down.
In this topic
- Rights without physical form
- The main types and their lives
- Bought versus built
- Amortising finite-life intangibles
- Worked example: a purchased patent
- Indefinite-life intangibles
- Goodwill: where it comes from
- Worked example: buying a business
- Goodwill after the purchase
- Common mistakes to avoid
- Key takeaways
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