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This excerpt taken from the WBMD 8-K filed Nov 21, 2006. Intangible
Assets
Intangible assets primarily consist of the value of trade mark
and customer relationships. In addition, intangible assets
(other than trade marks) that have finite useful lives continue
to be amortized over their useful lives. In accordance with
Statement of Financial Accounting Standards (“SFAS”)
No. 142, “Goodwill and Other Intangible Assets”,
the Company evaluates trade marks annually for impairment, or
earlier if indications of potential impairment exist. The
determination of whether or not the intangible assets have
become impaired involves a significant level of judgment.
Changes in the Company’s strategy
and/or
market condition could significantly impact these judgments and
require adjustments to recorded amounts of intangible assets.
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