Many valuable internally-developed intangible assets such as trademarks and copyrights are not reported on a company's balance sheet.

Name: Many valuable internally-developed intangible assets such as trademarks and copyrights are not reported on a company's balance sheet.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Internally-developed trademarks and copyrights are only reported on the balance sheet if they are acquired through a business combination. Otherwise, they are expensed as incurred and not capitalized as assets.

Many Valuable Internally-Developed Intangible Assets Such as Trademarks and Copyrights