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ACQUIRED INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]


	As of December 31, 2020
	Cost		Accumulated Amortization		Net
Technology assets	$	1,009,581	$	(534,087)	$	475,494
Customer assets	1,442,267		(514,833)		927,434
Total	$	2,451,848	$	(1,048,920)	$	1,402,928

	As of June 30, 2020
	Cost		Accumulated Amortization		Net
Technology assets	$	1,084,144	$	(502,376)	$	581,768
Customer assets	1,434,832		(404,036)		1,030,796
Total	$	2,518,976	$	(906,412)	$	1,612,564

Where applicable, the above balances as of December 31, 2020 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the six months ended December 31, 2020. The impact of this resulted in a reduction of $81.7 million to technology 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,
2021 (six months ended)	$	213,473
2022	399,956
2023	317,950
2024	236,259
2025	123,570
2026 and beyond	111,720
Total	$	1,402,928