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removed from the accounts and the associate gain or loss is treat in the statement of operations. Estimated effectual lives by major positivist category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset engrossed Furniture and fixtures 7 Capitalized Software The Company capitalizes internally autocratic software be and web site development fiscal value in accordance with the provisions of Statement of frame 98-1, news report for Costs of Computer Software actual or Obtained for cozy Use (SOP 98-1) and Emerging Issues occupation Force no 00-2, Accounting for Web site breeding Costs (EITF 00-2) Capitalized costs are amortized on a straight-line butt over the estimated useful life of the software once it is available for use. Impairment of durable Assets The Compan y reviews the carrying value of its long-lived assets, including prop and equipment, whenever events or changes in circumstances indicate that the carrying value may not be recoverable.

To the extent the estimated futurity cash inflows traceable to the assets, less estimated future cash outflows, are less than the carrying amount, an terms loss would be recognized. Intangible Assets Intangible assets are put down at cost and consist primarily of the costs incurred to undertake licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amortization is deliberate on a straight-line basis over th! e estimated useful lives of the think assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, make of accumulated amortization of $31,000 at January 2, 2005. Amortization expense related to intangible assets was $31,000 in 2004. Amortization expense is estimated to be $33,000 in each fiscal year for 2005 through 2009. Fair economic value of...If you want to take hold of a full essay, redact it on our website: OrderCustomPaper.com

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