Intangible Assets & Impairment Knowledge Center
Explore our verified library of Intangible Assets & Impairment transactions. Every entry is reviewed for IFRS compliance and real-world accuracy by our technical accounting team.
How to record goodwill impairment
Recognition of an impairment loss when the carrying value of a reporting unit exceeds its fair value in a qualitative or quantitative assessment.
How to capitalize software costs
Capitalizing internal-use software development costs during the application development stage, including external direct costs and payroll for employees directly involved.
How to record patent acquisition
Recording the acquisition of a patent from a third party, including the purchase price and associated legal fees for registration.
How to record trademark amortization
The monthly systematic allocation of the cost of a finite-lived trademark over its estimated useful life.
How to impair customer relationships
Adjusting the book value of customer-related intangible assets when significant customer churn indicates the asset is no longer recoverable.
How to capitalize internal software
Records the capitalization of labor and direct costs during the application development stage of internal-use software.
How to record brand impairment
Records the write-down of an indefinite-lived intangible brand name when its fair value falls below its carrying amount.
How to record patent amortization
Records the systematic allocation of a patent's cost over its remaining useful legal or economic life.
How to amortize favorable leases
Records the amortization of a favorable lease intangible asset identified during a business combination.
How to capitalize patent defense costs
Records the capitalization of legal fees incurred for the successful defense of a patent.
How to record copyright purchase
Recognition of the initial cost of acquiring creative copyrights from a third party.
How to capitalize franchise fees
Initial accounting for the payment of franchise rights to a franchisor for business operation.
How to record trade name impairment
Adjusting the book value of a trade name when its fair value falls below its carrying amount.
How to capitalize website costs
Accounting for the development costs of an e-commerce or revenue-generating website.
How to record domain name acquisition
Recording the purchase of a high-value internet domain name from a secondary market.
How to amortize non-compete agreements
Record the periodic amortization of a non-compete agreement acquired during a business combination over its useful life.
How to record license agreement acquisition
Capitalize the cost of acquiring an exclusive licensing agreement for manufacturing or distribution rights.
How to record customer list acquisition
Recognition of a purchased customer list or database as an intangible asset separate from goodwill.
How to capitalize spectrum license costs
Record the acquisition of radio frequency or FCC spectrum licenses for telecommunications use.
How to impair indefinite-lived intangibles
Record a write-down when the fair value of an indefinite-lived intangible asset falls below its carrying amount.
How to capitalize development costs
Recording the capitalization of development phase costs for an internal project under IFRS or specific GAAP criteria.
How to amortize software costs
Recording the periodic amortization expense for capitalized internal-use software once it is placed in service.
How to impair in-process rd
Recognizing an impairment loss on In-Process Research and Development (IPR&D) acquired in a business combination.
How to record mineral rights
Recording the acquisition of exclusive rights to explore or extract minerals from a specific land area.
How to capitalize broadcast rights
Capitalizing the cost of purchasing exclusive rights to broadcast specific media content or sporting events.
How to record goodwill on acquisition
Recognition of goodwill during a business combination representing the excess purchase price over the fair value of net identifiable assets.
How to amortize copyright assets
Systematic allocation of the cost of a copyright over its estimated useful life.
How to record easement acquisition
Capitalization of the costs associated with acquiring a legal right to use another entity's land for a specific purpose.
How to record trade secret acquisition
Initial recognition of trade secrets acquired from a third party, such as formulas, patterns, or proprietary processes.
How to impair favorable leases
Recording a write-down for an intangible asset representing a lease with below-market terms when market conditions change.
How to amortize customer relationships
Record the periodic amortization of customer relationship assets over their estimated useful life.
How to capitalize video game development
Capitalize costs associated with developing a video game after technological feasibility has been established.
How to revalue intangible assets
Record an increase in the value of an intangible asset under the IFRS revaluation model.
How to record intangible asset disposal
Record the sale of an intangible asset, such as a patent, and recognize the resulting gain.
How to capitalize mortgage servicing rights
Recognize the asset value of mortgage servicing rights (MSR) when loans are sold with servicing retained.
How to record landing rights acquisition
Accounting for the acquisition of airport landing slots and terminal rights as intangible assets.
How to amortize mortgage servicing rights
Periodic amortization of mortgage servicing rights (MSRs) under the amortization method.
How to record taxi medallion acquisition
Recording the purchase of a municipal taxi license or medallion as an intangible asset.
How to record fishing license acquisition
Capitalizing commercial fishing permits or quotas as intangible assets.
How to impair broadcasting rights
Writing down the value of broadcasting rights when the expected revenue from the rights falls below their carrying value.
How to capitalize exploration assets
Records the capitalization of costs associated with the search for mineral resources before technical feasibility is demonstrated.
How to record air rights acquisition
Records the purchase of the right to control, occupy, or use the vertical space above a property.
How to capitalize film production costs
Records the accumulation of costs during the production of a motion picture as an intangible asset.
How to record player contract acquisition
Records the cost of acquiring a professional athlete's contract from another club or franchise.
How to amortize subscription lists
Records the periodic amortization expense of a purchased subscriber or customer list.
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