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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 [...]

Sample Disclosure – Note On Review Of Useful Life Of Intangible Assets (14 October 2009)

 

Review Of Useful Life Of Intangible Assets 

FRS 138: Intangible Assets requires that the useful life of an intangible asset with an indefinite useful life to be reviewed [...]