Intangibles with unlimited or indefinite lives (trademarks and goodwill)are amortized using straight line depreciation method.

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Quizplus · Accepted Answer

Intangibles with unlimited or indefinite lives (such as trademarks and goodwill) are not amortized using the straight line depreciation method, as they are not considered to have a determinable useful life. Instead, they are tested for impairment annually, and may be written down if their value has decreased.

Intangibles with Unlimited or Indefinite Lives (Trademarks and Goodwill)are Amortized