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ACQUIRED INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]


	As of March 31, 2021
	Cost		Accumulated Amortization		Net
Technology assets	$	1,002,970	$	(582,511)	$	420,459
Customer assets	1,418,736		(547,399)		871,337
Total	$	2,421,706	$	(1,129,910)	$	1,291,796

	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 March 31, 2021 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, 2021. The impact of this resulted in a reduction of $85.9 million to technology assets and $21.0 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,
2021 (three months ended)	$	105,459
2022	398,732
2023	316,753
2024	235,776
2025	123,345
2026 and beyond	111,731
Total	$	1,291,796