INTANGIBLE ASSETS-INTERNALLY GENERATED INTANGIBLE ASSETS - 8615.3

Intangible assets are considered internally generated if they are created or produced:

• By an agency/department.
• An entity contracted by the agency/department.
• If they are acquired from a third party but require more than a minimal incremental effort on the part of the agency/department to achieve their expected level of service capacity.

For internally generated intangible assets, see SAM section 8635 for additional capitalization requirements.

Record Internally Generated Intangible Assets in Progress in Account 1629000 (Legacy Account 2430).