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Impaired Goodwill
The decrease in the value of a company's goodwill, often due to adverse changes in the business or market conditions, requiring a write-down in accounting.
Amortization
The practice of systematically depreciating the initial cost of an intangible asset over its life span.
Economic Life
The estimated period over which an asset is expected to be productive or useful in generating revenue.
Patent Rights
Legal protections granted to inventors or assignees, giving them exclusive rights to use and commercialize their inventions for a certain period.
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