Accounting Dictionary - Letter I

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Indefinite-life intangibles
are intangible assets which are not amortized because there is no foreseeable limit to the cash flows generated by them. Indefinite-life intangible assets have no legal, contractual, regulatory, economic, or competitive limiting factors. Indefinite-life intangibles, nevertheless, are subject to an impairment test that should be performed at least annually. Examples of indefinite-life intangibles include goodwill, trademarks and perpetual franchises.
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