IDENTIFIABLE

INTANGIBLE ASSETS
(PATENT AND
TRADEMARK)
 A trademark is a symbol, sign, slogan or name
used to mark a product to distinguish it from
other products.
 The terms “trademark,” “tradename” and
“brandname” are interchangeably used.

DEFINITION
 RA 8293 or the Intellectual Property Code of the
Philippines provides legal protection for a
trademark.
 The legal life of trademark is 10 years and may
be renewed for periods of 10 years each.

LEGAL PERSPECTIVE OF TRADEMARK

 The cost of trademark is not amortized but
subject to test for impairment at least annually
and whenever there is an indication that it may
be impaired.

AMORTIZATION OF TRADEMARK
 Trademark should not be amortized but tested for
impairment annually and whenever there is an
indication that it may be impaired.

TRADEMARK WITH INDEFINITE LIFE

 When the trademark is no longer regarded as
having an indefinite useful life, the carrying
amount should be amortized over the remaining
useful life and tested immediately for
impairment.

TRADEMARK WITH FINITE USEFUL

LIFE