Intangible assets other than goodwill that are recognized as assets apart from goodwill in a business combination must be subsequently amortized to earnings only if they do not have indefinite useful economic lives.

Question

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Intangible assets with finite useful lives are amortized over their useful lives, while those deemed to have indefinite useful lives are not amortized but are instead tested for impairment at least annually.

Intangible Assets Other Than Goodwill That Are Recognized as Assets