tailieunhanh - ACCOUNTING FOR BUSINESS: CENTRAL BOARD OF SECONDARY EDUCATION

Intangible assets include goodwill arising from acquisitions made after January 1, 1992. Goodwill is amortized using the straight-line method over its estimated economic life, not to exceed forty years. Certain acquired intangible assets other than goodwill (‘in-process R&D') are expensed in the period of acquisition. Patents and trademarks acquired from third parties are capitalized and amortized over their remaining lifetime. If events or circumstances indicate that the carrying amount of intangible assets may not be recoverable, an impairment test is applied based upon an assessment of future cash flows to ensure that they are appropriately valued. Costs of research and development are expensed in the period in which they are. | PART - 1 CLASS XI CENTRAL BOARD OF SECONDARY EDUCATION PREET VIHAR DELHI-110092 Accounting for Business Part-I for Class XIth. PRICE Rs. FIRST EDITION 2007 CBSE INDIA COPIES 2000 PUBLISHED BY The Secretary Central Board of Secondary Education Shiksha Kendra 2 Community Centre Preet Vihar Delhi -110092. DESIGN LAYOUT ILLUSTRATIONS BY Multi Graphics 5745 81 RegharPura Karol Bagh New Delhi -110005 Phone 25783846 PRINTED .