Accounting for intangible long-lived assets under IFRS is very similar to the accounting under U.S.GAAP.

Name: Accounting for intangible long-lived assets under IFRS is very similar to the accounting under U.S.GAAP.
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Both IFRS and U.S. GAAP require that intangible long-lived assets are recognized at cost and subsequently amortized over their useful lives. The accounting treatment for impairment, revaluations and disclosures may differ slightly, but the overall approach is very similar.

Accounting for Intangible Long-Lived Assets Under IFRS Is Very Similar