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Acquired Intangible Assets
 9 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS ACQUIRED INTANGIBLE ASSETS
 
As of March 31, 2020
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
1,137,744

 
$
(495,257
)
 
$
642,487

Customer assets
1,560,932

 
(471,638
)
 
1,089,294

Total
$
2,698,676

 
$
(966,895
)
 
$
1,731,781

 
 
 
 
 
 
 
As of June 30, 2019
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
835,498

 
$
(349,259
)
 
$
486,239

Customer assets
1,397,937

 
(737,672
)
 
660,265

Total
$
2,233,435

 
$
(1,086,931
)
 
$
1,146,504


Where applicable, the above balances as of March 31, 2020 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the nine months ended March 31, 2020. The impact of this resulted in a reduction of $426.6 million to customer assets.
The weighted average amortization periods for acquired technology and customer intangible assets are approximately five years and seven years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
Fiscal years ending June 30,
 
2020 (three months ended June 30)
$
119,996

2021
435,005

2022
395,617

2023
310,451

2024
231,845

2025 and beyond
238,867

Total
$
1,731,781