Examlex
Add, and then simplify, if possible.
Intangibles
Assets that do not have physical form, such as patents, trademarks, and goodwill, but are valuable to a business.
Amortized Cost
The accounting method that gradually reduces the book value of an intangible or tangible asset through periodic charges to income.
IFRS
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that outline how financial statements should be prepared and disclosed.
Straight-Line Depreciation
A method of calculating the depreciation of an asset which allocates an equal portion of the asset's cost over each year of its useful life.
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