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this should be recorded on the balance sheet as a loss

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Q: Where on the financial statements would you report a loss resulting from a patent that was determined to be worthless?
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Related questions

What is the past tense of he think it's worthless?

The past tense of "he thinks it's worthless" is "he thought it was worthless."


What is worthless?

Nothing is exactly worthless!


Antonym of valuable?

Worthless.


What is a sentence using the word Worthless?

He is a worthless person.He has a worthless junk in his house.Why do you hang around with those worthless people everyday?The bread is worthless because it is rotten.She felt worthless everytime she done something bad.


What is negotiating a worthless instrument?

worthless check


What is the prefix in worthless?

The prefix in "worthless" is "worth."


Is there a difference between financial collapse and financial crisis?

A collapse is more serious than a crisis. A crisis could be described as a problem that is so serious that it might result in a collapse if it is not handled adequately. In a financial collapse we see such things as paper currency becoming worthless, mass unemployment and possibly even mass starvation, etc.


If you lost money on a financial institution stock can you claim it as a loss?

Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.


When was Worthless Recluse created?

Worthless Recluse was created in 2001.


Is worthless a noun?

No, the word 'worthless' is an adjective, a word that describes a noun as without worth.The noun form of the adjective 'worthless' is worthlessness.The word 'worthless' is the adjective form of the noun worth.


Is the word worthless an adjective?

Yes, worthless, the corresponding noun is worthlessness


Can you make a sentence using the word regulate?

The recent world-wide economic crisis brought about by the bundling and selling of worthless mortgages makes it clear that we need to regulate financial markets more aggressively.