INTANGIBLE ASSETS - 7625

1620

Intangible Assets – Amortizable

Summary account of amortizable intangible assets.

2410

1620200

Computer Software–Amortizable

Cost of state-owned computer software (purchased, licensed, and internally generated).

2411

1620290

Accumulated Amortization - Computer Software

Accumulated amount of the estimated cost for using computer software, on a historical basis, over the estimated useful life of the computer software. This account is contra to Account 1620200.

2491

1620400

Land Use Rights–Amortizable

Cost or appraised value of state-owned amortizable land-use rights that were acquired separately from the associated land. Land-use rights include easements, water rights, timber rights, and mineral rights. Land use rights acquired with a land purchase are not recorded separately as intangible assets.

2412

1620490

Accumulated Amortization–Land-Use Rights

Accumulated amount of the estimated cost for using land-use rights, on a historical basis, over the estimated useful life of the rights. This account is contra to Account 1620400.

2492

1620600

Patents, Copyrights, and Trademarks–Amortizable

Cost or appraised value of state-owned amortizable patents, copyrights, and trademarks.

2413

1620690

Accumulated Amortization – Patents, Copyrights, and Trademarks

Accumulated amount of the estimated cost for using patents, copyrights, and trademarks, on a historical basis, over their estimated useful life. This account is contra to Account 1620600.

2493

1620900

Other Intangible Assets–Amortizable

Cost or appraised value of state-owned amortizable intangible assets, not described in any of the defined intangible asset accounts.

2414

1620990

Accumulated Amortization – Other Intangible Assets

Accumulated amount of the estimated cost for using other intangible assets, on a historical basis, over the estimated useful life of the assets. This account is contra to Account 1620900 (legacy account 2494).

2494

1625

Intangible Assets–Non-Amortizable

Summary account of non-amortizable intangible assets. An intangible asset is considered non-amortizable if it has an indefinite useful life. The useful life of computer software is not considered indefinite.

2420

1625400

Land-Use Rights–Non-Amortizable

Cost or appraised value of state-owned non-amortizable (i.e., with an indefinite useful life) land-use rights acquired separately from the associated land. Land-use rights include easements, water rights, timber rights, and mineral rights. Land use rights acquired with purchase of land are not recorded separately as intangible assets.

2422

1625600

Patents, Copyrights, and Trademarks–Non-Amortizable

Cost or appraised value of state-owned patents, copyrights, and trademarks.

2423

1625900

Other Intangible Assets–Non-Amortizable

Cost or appraised value of state-owned non-amortizable (i.e., with an indefinite useful life) intangible assets, not described in any of the defined intangible asset accounts.

2424

1629000

Internally Generated Intangible Assets in Progress

Amount expended on internally generated intangible assets that are not yet in service and, therefore, cannot be capitalized in specific intangible asset accounts. Once the internally generated intangible asset is in service, the total cost is moved to the specific intangible asset account.

2430

Not used

Accumulated Amortization–Intangible Assets (Credit Balance)

Summary account of accumulated amortization of intangible assets.

2490