Assets · Capital Assets
1266 Intangible Assets — Nonamortizable
Since 2026.10
- What it is
- Intangible assets with an indefinite useful life.
- Accounting standard
- GASB 51. Not amortized; tested for impairment.
- Examples
- Permanent easements; perpetual water rights.
- Do not use for
- Easements with a fixed term (1265).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R07 Capital assets: Intangible Assets NonamortizableCAP_ASSET_INTANG_ASSET_NONAMORT Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R07 Capital assets: Intangible Assets NonamortizableCAP_ASSET_INTANG_ASSET_NONAMORT Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R21 Intangible Assets NonamortizableENT_INTANG_ASSETS_NONAMORT Enterprise or internal service column. |
| Internal service funds | Form 38 R21 Intangible Assets NonamortizableINT_SERV_INTANG_ASSETS_NONAMORT Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R15.5 Capital Assets Not Being DepreciatedPEN_OTHER_EE_BEN_TRUST_CAP_ASSETS_NOTDEP Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.