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Which amortization method should be used for intangibles that are amortized?
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Is goodwill ammortised?
Purchased goodwill should be amortized over its useful economic life.
Should intangible assets always be amortized over their legal lives?
The literature makes a distinction between intangible assets with determinate useful lives (e.g., a patent) and those with indeterminate useful lives (e.g., goodwill or (sometimes) part of research and development).Some intangible economic assets do exist, but are not recognized by accountants at all because they cannot be measured, and a future benefit flowing from them is not reasonably certain. For example, the combined talent of the company's employees is such an asset. However, the benefit that results from that talent cannot be measured, and future benefits cannot be reasonably expected because these employees are free to quit at any time.Some intangible assets don't have legal lives, or even determinable useful lives.For example, there are differing opinions regarding the amortization of purchased goodwill (the difference between the price paid for a purchased business and the total fair market value of the business' net assets. Some countries' accounting rules do not permit the amortization of purchased goodwill: some do, but there is no such thing as the legal life of purchased goodwill, so if it is amortized, it is amortized ober an arbitrary number of years.Where an intangible asset has a determinable legaluseful life (for example, a patent), it is amortized over its legal life.
When an interest-bearing note matures what is the balance in the notes payable account?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When an interest-bearing note matures the balance in the Notes Payable account is?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
Can the asset revaluation reserve amortized or written off to the P and L every year?
No! the asset revaluation reserve equal to the amount of depreciation charged during the year on the revalued asset should to be transaferred to the Retained Earning.
How can I pay off my mortgage?
You should have a fully amortized loan to pay off your loan over time without having balloon payments or negative amortization. You can also prepay your principal every month.
Do amortization schedule calculator's cost?
There should be no cost for an amortization calculator. If you go to a bank the lender should provide you with one. If you do not want to go to a bank they can be found online.
What information does an amortization loan table show?
An amortization loan table shows the days in which a fraction of a mortgage should be paid. Amortization usually refers to paying off a debt over a regular schedule.
Is goodwill ammortised?
Purchased goodwill should be amortized over its useful economic life.
Over what period of time should the cost of a patent acquired by purchase be amortized?
at the end of every business year.
Where can I do an amortization calculation site?
In order to find a reliable amortization calculator first try the site of your personal banking institution if they do not have sites such as bankrate should be able to help you with that from reliable sources.
Where online can I find more information about amortization tables?
An amortization schedule is a table that details each payment on a loan or mortgage. It shows how long it will take you to pay off your loan/mortgage and what each of your payments will be. Almost every financial institution should have an amortization calculator on their website.
What is mortgage amortization?
If your a homeowner you should try to know how the amortization of your home mortgages work. Amortization affects how quickly a mortgage value is paid down also how fast you can build equity into the house. This allows a homeowner to understand how each monthly mortgage payment can effect the homeowner.
Should intangible assets always be amortized over their legal lives?
The literature makes a distinction between intangible assets with determinate useful lives (e.g., a patent) and those with indeterminate useful lives (e.g., goodwill or (sometimes) part of research and development).Some intangible economic assets do exist, but are not recognized by accountants at all because they cannot be measured, and a future benefit flowing from them is not reasonably certain. For example, the combined talent of the company's employees is such an asset. However, the benefit that results from that talent cannot be measured, and future benefits cannot be reasonably expected because these employees are free to quit at any time.Some intangible assets don't have legal lives, or even determinable useful lives.For example, there are differing opinions regarding the amortization of purchased goodwill (the difference between the price paid for a purchased business and the total fair market value of the business' net assets. Some countries' accounting rules do not permit the amortization of purchased goodwill: some do, but there is no such thing as the legal life of purchased goodwill, so if it is amortized, it is amortized ober an arbitrary number of years.Where an intangible asset has a determinable legaluseful life (for example, a patent), it is amortized over its legal life.
Which websites offer amortization schedules?
Webmath provides an amortization schedule calculator which should fit what you need. It provides plenty of ways to do what if types of research as well as more straightforward tables. You can find the website at webmath.com/amort.html
What should NOT be included in the cash flow statement?
Non cash items like depreciation and amortization should not be included in cash flow statement.
Where can you find an amortization table to decide if you should refinance your home?
There are many amortization loan tables available to everyone online for free. How genuine these table's are, there is no proof, so i would always check with a bank/mortgage adviser aswell.
