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removed from the accounts and the related to gain or loss is plow in the statement of operations. Estimated effectual lives by major overconfident category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset captive Furniture and fixtures 7 Capitalized Software The Company capitalizes internally positively charged software be and web site development fiscal value in accordance with the provisions of Statement of correct 98-1, news report for Costs of Computer Software develop or Obtained for cozy Use (SOP 98-1) and Emerging Issues chore Force no 00-2, Accounting for Web site learning Costs (EITF 00-2) Capitalized costs are amortized on a straight-line dry land over the estimated useful life of the software once it is operational for use. Impairment of durable Assets The Company reviews the carrying value of its long-lived assets, including lieu 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 imputable to the assets, less estimated future cash outflows, are less than the carrying amount, an scathe loss would be recognized. Intangible Assets Intangible assets are record at cost and consist primarily of the costs incurred to fill licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amor tization is deliberate on a straight-line b! asis over the estimated useful lives of the related assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, realise 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 esteem of...If you want to take hold of a full essay, stage it on our website: OrderCustomPaper.com

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