Please discuss whether facebook company has any intangible assets, such as goodwill, patents, trademarks, etc.

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Please discuss whether Facebook company has any intangible assets, such as goodwill, patents, trademarks, etc.

During the year ended December 31, 2018, Facebook purchased certain intangible assets and completed several business acquisitions. Goodwill generated from all business acquisitions completed during the year ended December 31, 2018 was primarily attributable to expected synergies from future growth and potential monetization opportunities. The amount of goodwill generated during this period that was deductible for tax purposes was not material.

Intangible assets consist of the following (in millions):	Weighted-Average Remaining Useful Lives (in years)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Acquired users	2.80	2,056.00	(1,260.00)	796.00
Acquired technology	1.20	1,002.00	(871.00)	131.00
Acquired patents	5.20	805.00	(565.00)	240.00
Trade names	1.40	629.00	(517.00)	112.00
Other	2.40	162.00	(147.00)	15.00
Total intangible assets	2.90	4,654.00	(3,360.00)	1,294.00

ekkarill92 answered 1 year ago

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