While some of these complaints reflect real declines in brain function in our middle years, the deficiencies of a middle-aged brain have likely been overstated by anecdotal evidence and even by some scientific studies.
The capitalized software cost may be amortized over 36 months, beginning with the month the software is placed in service. Additionally, the separately stated cost of software may also be eligible for 50% bonus first-year depreciation if acquired before 2013.
Companies amortize a patent using its useful life, although a patent is legally valid for 17 years. For example, a small business buys an existing patent for $20,000 and the useful life is 10 years. Using the straight-line method, the companyâs annual amortization expense is $2,000 ($20,000/10).