This article studies the definition, classification and accounting for intangible assets, focusing on the features of their depreciation and amortization. It examines various methods used in accounting for intangible assets in accordance with international and national accounting standards, highlights the difficulties and complexities that arise in practice. The study also provides an understanding of the impact of amortization of intangible assets on financial statements and makes recommendations for improving accounting in business entities to better reflect the true value of intangible assets.