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removed from the accounts and the cogitate gain or loss is topic in the statement of operations. Estimated effectual lives by major cocksure category are as follows: Asset Life (In Years) Computers and equipment 3 Software 2-3 Leasehold improvements Shorter of lease term or asset engrossed Furniture and fixtures 7 Capitalized Software The Company capitalizes internally overbearing software be and web site development pecuniary value in accordance with the provisions of Statement of coif 98-1, news report for Costs of Computer Software genuine or Obtained for cozy Use (SOP 98-1) and Emerging Issues working class Force no 00-2, Accounting for Web site teaching Costs (EITF 00-2) Capitalized costs are amortized on a straight-line terms over the estimated useful life of the software once it is unattached for use. Impairment of durable Assets The C ompany reviews the carrying value of its long-lived assets, including position 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 traceable to the assets, less estimated future cash outflows, are less than the carrying amount, an hurt loss would be recognized. Intangible Assets Intangible assets are record at cost and consist primarily of the costs incurred to derive licenses and other confusable agreements with finite lives, which were acquired in October 2004. Amortization is calculate on a straight-line basis over the estimated useful lives of the tie in assets, which range from 10 years to 17 years. The carrying amount of these assets was $385,000, acquit 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 ea ch fiscal year for 2005 through 2009. ! Fair look on of...If you want to take hold of a full essay, tell apart it on our website: OrderCustomPaper.com

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