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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.
You can deduct up to $5,000 of business start-up and organizational costs that you paid or incurred after October 22, 2004. Then, you can amortize any amount over $5,000. If your start-up or organizational costs are more than $50,000, your deduction is reduced by the amount by the excess.So, if you have $55,000 in costs, your deduction is $45,000.here are two amortization periods. For expenses you paid or incurred: 1  Before October 23, 2004, you can choose an amortization period of 60 months or more. 2  After October 22, 2004, the cost is amortized over 180 months.