Real Estate Sales SFAS 66, October 1982 “Accounting for Sales of Real Estates” FASB Interpretation (FIN) 43, June 1999 “Real Estate Sales an interpretation of
Tag: asc
Initial measurement of property, plant and equipment 1. Measured at cost 2. Cost includes (A) (A) all costs necessary to make the asset ready for
Website Development Costs EITF Issue No. 00-2 “Accounting for Web Site Development Costs” AICPA SOP 98-1 “Accounting for the Costs of Computer Software Developed or
Accounting Rules about Software asc 350-40: Internal-Use Software –> AICPA SOP 98-1 –> “Accounting for the Costs of Computer Software Developed or Obtained for Internal
Intangible Assets –> Type 1: Intangible assets with “finite” useful life –> Type 2: Intangible assets with “indefinite” useful life Intangible assets with “finite”
Goodwill –> not amortized [asc 350-20-35-1] –> tested for impairment at the level of a reporting unit Impairment Loss –> two step approach –>