Amortization Of Intangibles
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Definition of 'Amortization Of Intangibles'
A tax term relating to the practice of deducting the cost of an investment in a qualifying non-tangible asset over the projected life of the asset. The cost basis of the qualifying intangible asset is amortized over a 15-year period, irrespective of the actual useful life of the asset.
In the year the asset is acquired and sold, the amount of amortization deductible for tax purposes is prorated on a monthly basis. Intangible amortization is reported on Form 4562.
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Investopedia explains 'Amortization Of Intangibles'
Intangible assets are typically nonphysical in nature and not easily assigned a value. According to Section 197 of the Internal Revenue Code, there are numerous qualifying intangible assets, but the most common are goodwill, the value of a worker's knowledge, trademarks, trade and franchise names, noncompetitive agreements related to business acquisitions and a company's human capital.
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Search results for 'Amortization Of Intangibles'
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http://stocks.investopedia.com/stock-analysis/2008/Hewlett-Packard_Gains_On_Strength_Of_BRIC_Business_HPQ.aspx
... The company reported revenue of $28 billion and earnings per diluted share of 86
cents, which excluded a special item related to the amortization of intangibles ...
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http://www.investopedia.com/exam-guide/cfa-level-1/assets/natural-recource-assets.asp
Discusses accounting for intangible assets, such as good will. Explains
amortization and depreciation rules for intangibles assets. ...
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http://www.investopedia.com/university/financialstatements/financialstatements7.asp
... to-market (that is, appraised to their fair market value) and they include $40 in
intangibles. ... But as of 2002, goodwill amortization is no longer permitted. ...
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http://www.investopedia.com/articles/05/012705.asp
... Buffett defines it as net income plus depreciation and amortization (for example ...
where consistent operating histories are harder to find, intangibles play a ...
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