State representative Dianne White Delisi has filed House Bill 695, which provides an exemption from the franchise tax for corporations engaged in manufacturing, selling, or installing desalination devices. The bill also allows a corporation to deduct from its apportioned taxable capital the amortized cost of a desalination device or from...
Under SFAS 142 (issued June 2001), goodwill and certain intangible assets with an indefinite life are no longer amortized, but are tested for impairment; an intangible asset with a finite life is amortized over its useful life; and negative goodwill is recorded as extraordinary income. Furthermore, equity-method goodwill will no...
IRVINE, Calif. -- Argent Mortgage Company, a leading national wholesale mortgage lender, now offers a fully amortized 40/30 loan program that performs like a 40-year loan for the first ten years of the loan term. With the Argent fully amortized 40/30 loan product, the borrower can enjoy a lower payment...
EXECUTIVE SUMMARY * In many cases, taxpayers may be eligible to accelerate amortization deductions using the income-forecast or units-of-production methods. * Transaction costs are added to the basis of acquired intangible assets, acquired stock or, in the case of a tax-free...
The purchase price allocated to intangible assets including franchise rights acquired in connection with the acquisition of a trade or business generally must be capitalized and amortized over a 15-year period. However, before enactment of the AJCA The purchase price allocated to intangible assets (including ...
Intangibles Amortization Bill Has Agent/Broker Vote WASHINGTON - Insurance agents and brokers are making an all-out effort to support legislation clarifying that intangible assets, including expirations, can be amortized by taxpayers. The legislatIntangibles Amortization Bill Has Agent/Broker Vote WASHINGTON...
ABN Amro bank will incorporate Banco Real, to get a fiscal benefit from the agio of R$1.751bil derived from the acquisition, by ABN, of Banco Real, in 1998. Since then, ABN has amortized R$295.918mil, with the fiscal benefit. With the incorporati ABN...
It may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this tool to see how quickly...
There is no issue or debate about how the value of outright grants of stock, restricted Stock or deferred stock should be accounted for. Expense is measured by the stock's intrinsic value at grant, without regard to the negative effects on value of non-transferability and forfeitability provisions, and amortized over...
After Senate leaders reached an agreement on proposed pension reforms last week, the full Senate is expected to take up a compromise bill soon. The key provisions of the measure are: * Pension plan liabilities would have to be amortized over seven years, considerably...
The mortgage insurance premium is based on loan to value ratio, type of loan, and amount of coverage required by the lender. Usually, the premium is included in your monthly payment and one to two months of the premium is collected as a required advance at closing. Recent Federal Legislation...
At a public meeting in late December 2000, FASB announced a tentative decision that goodwill recorded on corporate balance sheets, arising from acquisitions completed prior to the date the board issues a final statement on business combinations, should no longer be amortized and instead should be accounted for using an...
The reasons that made the collapse of solar industry in the end of the 80's are now being removed and the companies that are still in the market have now the experience of more than ten years of operation in the field. Of course, external events can also help in...
Very often the tooling costs associated with injection molding can be inconsequential when amortized over millions of components per year. Additionally, polymer resin prices are a fraction of the cost of the same volume of thermoform material because the thermoformed component undergoes several processes (i.e., extruded, vacuum formed and trimmed)....
This article indicates the court refusal to allow a bank holding company to expense fees paid to outside advisors for work on due diligence prior to a proposed merger. The court required that management efforts supporting that merger also must not be expensed in the year incurred, but rather capitalized...
(This article originally ran in The Daily Record, Rochester, N.Y., another Dolan Media publication). Judiciary rental rates are almost double the rates charged tenants for comparable space and include charges for space unfit for occupation and rent paid on buildings that have been fully amortized - sometimes as...
(This article originally ran in The Daily Record, Rochester, N.Y., another Dolan Media publication).Judiciary rental rates are almost double the rates charged tenants for comparable space and include charges for space unfit for occupation and rent paid on buildings that have been fully amortized - sometimes as many as four...
A foreign airline may be well ahead of U.S. carriers in assuring the safety of its infant passengers. Qatar Airlines recently purchased a batch of child safety seats designed specifically for airline use. The seats, manufactured by DME Corp. of Ft. Lauderdale, Fla., are manufactured of aircraft-grade aluminum with...
The Hart Panteth The news from Troublesome Gulch, Colorado, is that Senator Gary Hart is mulling over strategies and sorting out issues for his Presidential campaign in 1988. It may seem a bit early but it takes time to raise the money, gather...
Judiciary rental rates are almost double the rates charged tenants for comparable space, and include charges for space unfit for occupation and rent paid on buildings that have been fully amortized - sometimes as many as four or five times over. These examples highlight the concerns the federal...
