A fair value estimate for computer software must be considered in the context of the fair value in a hypothetical transaction. Does the software value make sense based on “the amount for which an asset (the software) could be exchanged between knowledgeable,... 

Intangible assets (resources) play a fundamental role in economies’ change, from traditional scale-based manufacturing to new innovation-oriented activities. Intellectual property, R&D, workforce training, brand, software, organizational capabilities,... 

Goodwill is not subject to amortization. Instead, companies must conduct periodic impairment testing. The amount of goodwill that a company maintains on its books as an asset must be tested at least annually to see if it has been impaired (though more...