Company: TRUE
Filing Date: 2025-02-21
Form Type: 10-K/A
Source: 0001327318-25-000010
Chunk: 25

Company: TrueCar, Inc.
Filing Date: 2025-02-21
Form: 10-K/A
Chunk 25
---
 costs are amortized using the straight-line method over an estimated useful life of three yearscommencing when the software project is ready for its intended use.

Costs incurred related to less significant modifications and enhancements as well as maintenance are expensed as incurred.

At December 31, 2024 and 2023, capitalized software costs were $ 84.3million and $ 85.9million, respectively, before accumulated amortization of $ 69.6million and $ 68.1million, respectively.

Expected amortization expense with respect to capitalized software costs at December 31, 2024 for each of the years through December 31, 2027 is as follows (in thousands):

| Years ended December 31,   |     |   |        |
|:---------------------------|:----|:--|-------:|
| 2025                       |     | $ |  8,664 |
| 2026                       |     |   |  4,634 |
| 2027                       |     |   |  1,406 |
| Total amortization expense |     | $ | 14,704 |

<div align='center'>F-14</div>

#### TrueCar, Inc.

### Notes to Consolidated Financial Statements (Continued)
Intangible Assets Acquired in Business Combinations

The Company values assets acquired and liabilities assumed on each acquisition accounted for as a business combination, and allocates the purchase price to the tangible and intangible assets acquired and liabilities assumed based on its best estimate of fair value. Acquired intangible assets include customer relationships and developed technology. The Company determines the appropriate useful life of intangible assets by performing an analysis of cash flows based on historical experience of the acquired businesses. Intangible assets are amortized over their estimated useful lives based on the pattern in which the economic benefits associated with the asset are expected to be consumed, which to date has approximated the straight-line method of amortization. The estimated useful lives for customer relationships and technology are generally twoto ten yearsand oneto ten years, respectively.

Long-Lived Assets

The Company evaluates the recoverability of its long-lived assets, including its ROU assets, with finite useful lives for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Such triggering events or changes in circumstances may include: a significant decrease in the market price of a long-lived asset, a significant adverse change in the extent or manner in which a long-lived asset is being used, a significant