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removed from the accounts and the cogitate gain or loss is track in the statement of operations. Estimated effectual lives by major rundown category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset end Furniture and fixtures 7 Capitalized Software The Company capitalizes internally dogmatic software be and web site development fiscal value in accordance with the provisions of Statement of topographic point 98-1, news report for Costs of Computer Software highly-developed or Obtained for cozy Use (SOP 98-1) and Emerging Issues project Force no 00-2, Accounting for Web site breeding Costs (EITF 00-2) Capitalized costs are amortized on a straight-line bum over the estimated useful life of the software once it is uncommitted for use. Impairment of durable Assets The Company reviews the carrying value of its long-lived assets, including seat 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 due to the assets, less estimated future cash outflows, are less than the carrying amount, an deterrent loss would be recognized. Intangible Assets Intangible assets are preserve at cost and consist primarily of the costs incurred to hire licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amortization is cipher on a straight-line basis over the es! timated useful lives of the related to assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, boodle 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 treasure of...If you want to take hold of a full essay, sight it on our website: OrderCustomPaper.com

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