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Why is goodwill not amortised?
Goodwill is not amortised because it is considered to have an indefinite useful life, reflecting the ongoing value of a company's reputation, customer relationships, and brand recognition. Instead of amortisation, goodwill is subject to annual impairment testing to determine if its carrying value exceeds its fair value. If impairment is identified, the goodwill value is adjusted downward, ensuring that financial statements accurately reflect the company's worth. This approach aligns with the principle of matching the asset's value with its economic benefits over time.
Can a creditor keep reporting a charged off account?
That is perfectly legal. The term "charge off" does not mean that the debt is not still valid and fully collectible.
Can you amortized organization cost?
Depending on the country you are in, you should checkout the relevant Company Accounting Standards, Accounting Standards and Tax Act as every country varies. However, as a general guide, Setup or Organisation costs are usually capitalised, that is, they are a Balance Sheet item. They then remain on the Balance Sheet but are not amortised or depreciated. Depending on the relevant part of your Tax Act, there may be a point in time when they may be written back.
Difference between fully paid shares and shares issued at discount?
Fully paid shares means that the amount of which shares are fully paid by the investors while shares issued at discount means, share are issued at discounted price from actual face value of asset.
Fully depreciated asset?
Is an asset that has equalled its original cost
What does swift fully mean?
to be fully swift
What does fully developed mean?
tell me what fully developed means
What does not fully developed mean?
Not fully developed is partial formed.
What does fully submitted mean in a supreme court civil cases in Brooklyn ny?
what does it mean to fully submitted in a civil case
What does understandfully mean?
it mean that u understand something fully completely
What does amply mean?
It means fully or sufficientlyViper1
What does you are fully animated mean?
bb mb
What does fully mean?
something work right
What does fully loaded mean?
Fully loaded usually means to buy a vehicle with every option available.
What does computer faulty mean?
means it is not fully working
What does xe mean in Xterra xe mean?
XE means it is not the fully loaded SE model.
If a horse saddle is fully mounted what does that mean?
A fully mounted saddle is one that comes with stirrup leathers, a girth and stirrup irons.
