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Valuing Your Data with GAAP

Valuing Your Data with GAAP

As the economy transitions from the Industrial to the Information Age, generally accepted accounting practices (GAAP) have come under fire from analysts and business owners. The issue is the valuation of Intellectual Property (IP) — those non‐physical assets such as trademarks, copyrights, patents, and proprietary databases that have value for their owners. Currently, these assets, if recognized at all, are captured in a catch‐all category of “goodwill.”