This account refers to the period-by-period allocation of the acquisition cost of intangibles other than Goodwill (v2400). Typically, these assets have a limited useful life, and their amortization is deductible for federal income tax purposes. Entry of Amortization of Other Intangibles (v2410.03) in the forecast period automatically reduces the amount of Other Intangibles (v2410) on the Balance Sheet.
Examples of intangibles:
Copyrights, patents, and trademarks
Organization costs
Franchises
Capitalized advertising costs
Mailing lists
Licenses
Permits (for exploration, import/export, construction)
Leases