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Amortization of Intangible Assets. To illustrate the amortization of an intangible asset, imagine XYZ Biotech spends $30 million dollars on a patent with a useful life of 15 years. Theoretically, to account for the expense over a 15-year period, XYZ Biotech records $2 million each year as an amortization expense.
Patents, which grant a monopoly, expire after 17-20 years. Many firms who have established a monopoly through a patent are able to keep the monopoly going far longer than this 17-20 year period by reinvesting some of their monopoly profits to find new and improved (and patentable!) ways to make their product.onsumers are clearly better off with the $29 competitive price than with the $35 monopoly price. This is just another example in which the monopoly price is âtoo high.â Further, consumers will be willing to buy more at the competitive price ($29) than at the monopoly price ($35).