Intangibles Ammortised
<p><b >Amortization of intangibles</b> is the process of expensing the cost of an <b >intangible</b>asset over the projected life of the asset. ... <b >Intangible</b> assets are <b >amortized</b> into an expense account, and tangible assets are posted to expenses through depreciation.
 
NOTE - Intangible assets are not amortised when preparing SPFR's in Australia. The amortisation standard below & in the link relate to the preparation of General Purpose Financial Statements.
 
The objective of this Standard is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Standard. This Standard requires an entity to recognise an intangible asset if, and only if, specified criteria are met. The Standard also specifies how to measure the carrying amount of intangible assets and requires specified disclosures about intangible assets.</p>