Sample Disclosure – Accounting Policy On Intangible Asset, Trademarks (8 November 2009)
Intangible Asset – Trademarks
Trademarks acquired have finite useful lives and are carried at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is calculated using the straight-line method to allocate the cost of trademarks over their estimated useful lives of 7 years. Cost of renewing trademarks is recognised in the income statements as incurred.