Next question: Limited-Life versus Indefinite-Life Intangible Assets Class: Looking back at the recent round of comments further above, we see that Goodwill is an example of an indefinite-life intangible asset, meaning that public companies must test it for impairment rather than regularly amortizing to systematically reduce its value on the balance sheet of the public company. A couple of people have already touched on this, and I think it's now worth explicitly asking this fresh question at this point... Can anyone recap the difference between limited-life versus indefinite-life intangible assets? Any specific examples of either category