Accounting Dictionary - Letter I
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.
Don't see the term you are looking for? Try searching our entire website: