Introduction to Depreciating intangible assets
Where an intangible asset has a limited life, the approach taken for the depreciation (or amortisation as it is generally called with intangibles) is generally the same like that for property, plant and equipment (tangible non-current assets). The asset is amortised (depreciated) over its useful life and the amortisation method employed should reflect the pattern of advantages provided. Though, some variations arise due to the valuation problems surrounding these assets. Intangible assets are reported primarily at cost but can, theoretically, is re valued to fair value. Though, this rarely takes place as there is generally no active market from which to establish fair values. For identical reasons, the residual value of an intangible asset is generally assumed to be zero.
Depreciation and asset replacement
In the minds of some people there seems to be a misunderstanding that the aim of depreciation is to give the funds for the replacement of a non-current asset while it reaches the end of its useful life. Though, this is not the aim of depreciation as conventionally defined. It was described before that depreciation presents an attempt to allocate the cost or fair value (less any residual value) of a non-current asset over its supposed useful life. The resultant depreciation charge in each accounting period presents an expense that is then employed in the computation of profit for the period.
So, calculating the depreciation charge for a period is essential for the correct measurement of financial performance. This has to be done whether or not the business intends to replace the asset in the future.
If there is a purpose to replace the asset, the depreciation charge in the income statement will not make sure that liquid funds are set aside through the business particularly for this purpose. Even though the influence of a depreciation charge is to decrease profit, and so to decrease the amount available for withdrawal through the owners, the amounts retained in the business as a result might be invested in ways which are not related to the replacement of the specific asset.
Latest technology based Financial Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Depreciation Intangible Assets homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Depreciation Intangible Assets, project ideas and tutorials. We provide email based Depreciation Intangible Assets homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Depreciation Intangible Assets. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Financial Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the financial accounting assignments, which may help you to solve your complex issues of Depreciation Intangible Assets. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com structure of cell membrane assignment help-homework help by online cell membrane tutors
get 100% unique and plagiarism free pemdas and bodmas rule assignment help by qualified tutors at affordable rates to score a++.
tutorsglobe.com environmental, food and industrial microbiology assignment help-homework help by online microbiology tutors
Efforts should be ready to avoid duplication of work. Journals, ledgers etc. should be planned in a way which control data is available with no extra analysis.
chemical kinetic-rates of reactions tutorial all along with the key concepts of rate of a chemical reaction, monitoring the rates of chemical reactions, nature of the reactant, concentration of the reactant, factors that affect reaction rates
Evolution and Genetics tutorial all along with the key concepts of Pre-Darwin theories of Evolution, Lamarcks Theory of Evolution, Darwin's Theory of Evolution, Modern views on Evolution
Determination of percent purity of substance tutorial all along with the key concepts of Experiment, Requirements, Procedure, Problem, Results, Treatment of Results
Freshwater environment tutorial all along with the key concepts of Kinds of Freshwater, Lentic, Lotic, Wetlands, Freshwater Habitats and Sources of fresh water
Theory and lecture notes of Tracking the Macroeconomy all along with the key concepts of Tracking the macroeconomy, Economic Statistics, Economic Activity and Six Key Indicators. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Tracking the Macroeconomy.
tutorsglobe.com expansion and contraction of supply curve assignment help-homework help by online theory of supply tutors
the material control is guaranteed through laying down proper methods for storing, purchasing, issuing and minimizing material losses through identifying slow moving, obsolete, dormant material and also through minimizing scrap, wastages, spoilages and defectives.
tutorsglobe.com reduction assignment help-homework help by online dark reactions tutors
Opt the fastest way to earn top grades with Political Geography Assignment Help at the most feasible prices!
theory and lecture notes of dfa simulating nfa all along with the key concepts of dfa simulating nfa, finite automata and regular languages, theorem of equivalence of nfa-dfa. tutorsglobe offers homework help, assignment help and tutor’s assistance on dfa simulating nfa.
Stabilized Power Supplies tutorial all along with the key concepts of Constant voltage power supplies, Active regulators, Linear Regulators, Switching Regulators
1959651
Questions Asked
3689
Tutors
1474893
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!