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Before the dot-com bubble burst, in 2001, intangible assets were written off over a 40-year period.
That premium, or good will, reduces future earnings because it must be written off over the years.
"Computers are written off over five years, but they often become obsolete much earlier than that," he said.
It said those intangible assets should be written off over their estimated lives, unless they had an indefinite life.
In the case of WorldCom, operating costs were treated as capital expenditure, to be written off over future years.
BPI is treating some costs, such as those of capital increases and extraordinary personnel expenses, as intangible assets to be written off over several years rather than in one.And how healthy is its balance sheet?
Similar(37)
In all, councils wrote-off over around 26,000 council tax debts and 3,000 business rate debts.
Although banks have already written off whopping sums over subprime mortgages, they are vulnerable to yet more hits.
In 2011, Wonga wrote off over 40% of their debt yet still made £45m profit.
She also accused the DWP of engaging in "a bit of a fiddle to write off over time rather than write off honestly".
One involved recording $119 million in losses from futures trading that the savings unit had planned to write off over seven years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com