The examples of indefinite-life intangibles are goodwill, trademarks, and perpetual franchises.
- The intangible assets that has an indefinite useful life are Copyrights, Patents and Goodwill.
Indefinite-life tangibles are not amortized because there is not predicted reduce to the cash flows generated by those intangible assets.
The useful life of intangible assets is the length of time the asset can contributes to your business's value.
For example, a patent that lasts 20 years would have a useful life of 20 years.
Conclusively, an intangible asset does have an indefinite life if there are no identifiable legal, regulatory, contractual or competitive factors that will limit the revenue generating term of the asset.
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