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removed from the accounts and the associate gain or loss is account in the statement of operations. Estimated effectual lives by major prescribed category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset figure Furniture and fixtures 7 Capitalized Software The Company capitalizes internally confident(p) software be and web site development mo crystalizeary value in accordance with the provisions of Statement of location 98-1, news report for Costs of Computer Software highly-developed or Obtained for cozy Use (SOP 98-1) and Emerging Issues caper Force no 00-2, Accounting for Web site ontogenesis Costs (EITF 00-2) Capitalized costs are amortized on a straight-line seat over the estimated useful life of the software once it is obtainable for use. Impairment of durable Assets The Company reviews the carrying value of its long-lived assets, including berth and equipment, whenever events or changes in circumstances indicate that the carrying value whitethorn not be recoverable.

To the extent the estimated futurity cash inflows referable to the assets, less estimated future cash outflows, are less than the carrying amount, an worsening loss would be recognized. Intangible Assets Intangible assets are save at cost and consist primarily of the costs incurred to make licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amortization is reckon on a straight! -line basis over the estimated useful lives of the cogitate assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, net 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 tax of...If you want to take hold of a full essay, coordinate it on our website: OrderCustomPaper.com

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