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.
| Mar 1, 2014. As far as the patent goes, you will be incurring costs for potentially years to come as you move through the stages, legal due diligence, fees, professional fees and consulting, documentation, etc. All these costs can be be capitalized as a project in process, much like construction in progress. At the point in time you determine you have a failed patent application, you will need to write those costs off to expense, just as with any other project that fails. I'm not going to try to cite US GAAP, but you will need to do your own accounting due diligence to be sure you are following the rules.