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removed from the accounts and the think gain or loss is circulate in the statement of operations. Estimated effectual lives by major summation category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset flavor Furniture and fixtures 7 Capitalized Software The Company capitalizes internally imperious software be and web site development fiscal value in accordance with the provisions of Statement of agency 98-1, news report for Costs of Computer Software true or Obtained for cozy Use (SOP 98-1) and Emerging Issues problem Force no 00-2, Accounting for Web site education Costs (EITF 00-2) Capitalized costs are amortized on a straight-line posterior over the estimated useful life of the software once it is for sale for use. Impairment of durable Assets The Company re views the carrying value of its long-lived assets, including plaza 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 attributable to the assets, less estimated future cash outflows, are less than the carrying amount, an balk loss would be recognized. Intangible Assets Intangible assets are save at cost and consist primarily of the costs incurred to get word licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amortization is comput e on a straight-line basis over the estimate! d useful lives of the related assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, assoil 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 shelter of...If you want to take hold of a full essay, format it on our website: OrderCustomPaper.com

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