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| Subject: Deferred development expenses.Proton accelerated amortisation | |
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Author: anonymous |
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Date Posted: 22:47:07 10/05/02 Sat ------------------------------------------------------------ Deferred development expenses. ------------------------------------------------------------ Proton. ------------------------------------------------------------ Below assesing company performance--small extract--Securities Institute of Oz. ------------------------------------------------------------------- Deffererred development expenses are expenses incurred while developing products. This can take several years. Expenses incurred are accumulated over the years and upon completion of the product (when the benefits commence) the accumulated expense is amortised over the period in which future benefits are expected to be recouped, if during the development stage, the development is discarded or the future benefits will be less than the future costs plus the defferred costs to date, then the accumulated losses are written off when the situation becomes known. The research and development accounting standard requires development costs to be disclosed seperately, ie they should not be included with other assets. The amount amortised should also be disclosed seperately. Further the gross amount and the accumulated amount should be shown. (just as for good will) The amortisation period should be chosen to match revenue earned with expenses incurred. This tends to be a maximum of five years. ----------------------------------------------------------- By receiving all of Protons revenue instead of just ten percent, which was the situation before 100% ownership took place, the Group can acelerate it's amortisation--to use some home grown jargon--un write things down quicker (lol) [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: Deferred development expenses.Proton accelerated amortisation | anonymous | 02:43:06 10/07/02 Mon |