Presentation and Disclosure
Financial Statement Reporting
Intangible assets are reported as noncurrent assets on the balance sheet. Finite-life assets are presented net of accumulated amortization, while goodwill and indefinite-life assets are reported without accumulated amortization. Companies disclose useful lives, amortization methods, impairment losses, and significant intangible asset balances.
Tip
Always distinguish between amortized and non-amortized intangible assets when analyzing financial statements.
Summary
Presentation depends primarily on whether the intangible asset has a finite or indefinite useful life.