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 What is demet account ?
...


 What store carries the cheapest office supplies?
My company usually makes me run to Office Max 2-3 times a week and not only is it inconvenient, it's also expensive. We're looking to start ordering supplies over the Internet-- does ...


 How do I report email fraud in the UK?
How do I report email fraud in the UK?

I'm looking for a place to rent but I'm getting a lot of fairly legitmate looking emails about non-existent places to rent. They include ...


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I am currently work for Hollywood Video as a store manager. Does Walgreens work with school schedules say I go part time in the evenings? I am not sure if I they would bring me in as a store manager ...


 Top five companies in soap industry?
in ...


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 Want to start a business but I need to become a corp.?
So I guess I need a license. How and where to I go to get this licence and also what is the difference between: corperation. company enterprize ect?...


 What does this mean...?
' How many units do you plan to develop?'
I read this when i was applying to buy a dunkin donuts. what does this ...


 Does anyone here work for Google?
I can see the irony, but does anyone actually work for Google??

I read on Google's site about the remuneration packages and what its like to work for them etc....... It seems awesome, ...


 Can 14 year old's work?
Can a 14 year old work in phoenix Arizona? i am 14 and a half i want a job so i can buy things for myself and not depend on my parent? can i work at a shoe store like finish line or foot locker? i W...


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This is really important and I NEED to find out if my ex husband is involved with a company in some form. Any ideas?...


 I want to know what does a vibrating screen used for?
what does a vibrating screen used for?...


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is it the fact that modi gonna not interfere in any legal business problems after he become the next pm 4 these two guys?...


 Where is the cadburys factory?
...


 Are grocery stores and department retail stores open on MLK day?
examples: Giant Eagle, Kroger, Target, Meijer, Walmart, Walgreens, CVS...


 What do I do if a sensor scratched me?
I was trying on a pair of jeans inside a store. The jeans had a security sensor inside the front pocket, the point of the sensor scratched my leg while I was pulling up the jeans. I made an incident ...


 How do you build a business empire???
...


 Home office lying to us underlings??
I work for a branch office of a major corporation. I was supposed to have received my raise this paycheck, but didn't. Instead, I find that my pay has remained the same, but the final amount ...


 What's the profit margin on Woolworths pick'n'mix?
I've heard that it's one of their biggest sources of profit. So how much money do they actually make per 100g?...



Confused
How does an accountant treat intangible assests i.e. Good will, Copywrites, patents?
When and how good will is ascertained and treated?
                     
 




ustoev
Goodwill is the difference between what you paid for the company and what the assets minus the liabilities amounts to. It is only when the company is started or restarted. The rest of the items are off book entries and are not on the books unless you are justifying the price. Then they would be non-depreciated assets in other assets category.
You do not want to put anything more on the balance sheet than is legally required.


scott A
it is amortized,

goodwill is the future cash flows expected (ie fair value) less the book value.


hirebookkeeper
Rating
Difference btwn book value and market value


gringorican2002
Goodwill is established when a company purchases another and it is the difference between the price paid and the fair value of the assets.

Ex: A corporation with NET assets worth 1.0 billion was purchased for 800million. The goodwill is 200 million.

In the past Goodwill was "amortized" but now days it can only be written off when it has been deemed "impaired" once goodwill is written off it cannot be put back.

Intangible assets such as copywrites and patents are amortized over their useful life.


Barbarian
Intangible assets are valued as future contributions to the business. Depending on the accounting convention values will be set at market values. Actual value will vary based on the business type.


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