If an intangible asset will continue to provide economic value without deterioration over time, then it should not be amortized. Instead, its value should be periodically reviewed and adjusted with an impairment. Goodwill, for example, is an intangible asset that should never be amortized.

Should intangible assets be amortized?

If an intangible asset will continue to provide economic value without deterioration over time, then it should not be amortized. Instead, its value should be periodically reviewed and adjusted with an impairment. Goodwill, for example, is an intangible asset that should never be amortized.

Can intangibles be amortized?

Intangible assets, such as patents and trademarks, are amortized into an expense account called amortization. Tangible assets are instead written off through depreciation.