Viewing Tweets won't unblock @SarahBarthel. 1  Sarah BarthelâVerified account @SarahBarthel 17 Oct 2016. 2  Sarah BarthelâVerified account @SarahBarthel 7 Oct 2016. 3  Sarah Barthel Retweeted.  Sarah Barthel 1  Retweeted. Sarah BarthelâVerified account @SarahBarthel 1 Aug 2016.  Sarah BarthelâVerified account @SarahBarthel 29 Jul 2016.
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.
If the company reports on the GAAP basis, then certain costs of developing the patent may be carried as an asset, along with the legal and filing costs associated with the patent. The cost of the asset is written off ratably (expensed) over the expected useful technological or economic life of the patent.