Where the recognition criteria are met, intangible assets are capitalized and amortized over their estimated useful economic lives from product launch, as shown in the table below. Intangible assets relating to products in development are subject to impairment testing at each balance sheet date or earlier upon indication of impairment.
|
| | | |
| Technology and patents | 14 – 20 years | |
| Tradenames and trademarks | 20 – 25 years | |
| Customer relationships | 10 – 15 years | |
| Backlogs and non-compete agreements | 5 – 6 years | |
| Development costs | 5 – 10 years | |
| Software | 4 – 7 years | |
