Accounting Problems

[sexydee]

Gusto ko lang i-clarify. Ano ba accounting treatment for e-books or online media? Di ako sure kung dapat ba 'to for depreciation or impairment? Sana may sumagot.

[mrsonthego]

^ano pong ibig sabihin mo na ebooks? magkano po ang book value? ano pong nature ng industry nyo?

[blackgreen]

Sis bakit may for impairment?

[sexydee]

Government kami mga sis. Imported books kasi binibili kaya mahal talaga. Medyo malabo yung capitalization policy pero kung malaki yung value, capitalized talaga yung book.

[blackgreen]

It will depend on your acccounting policy sis. So kung capitalizable sa inyo yun books, for depreciation sis.

[sexydee]

It will depend on your acccounting policy sis. So kung capitalizable sa inyo yun books, for depreciation sis.

If that's the case, possible talaga for impairment na rin. Mabilis din maging outdated eh. Karamihan nga ata ng nasa company records, wala nang value.

[blackgreen]

Anong estimated useful life ginagamit niyo for books? Please consider the useful life. Pag hindi appropriate yun useful life masusubject talaga for impairment kasi overvalued na yun assets.

[sexydee]

Based on Government Accounting Policy sis.

[fly_girl333]

You may also consider the content of the books. If information therein tend to be outdated (e.g. accounting standards, laws, etc) then you better depreciate it. And if the amount does not breach your materiality limit, then expense it in the year it becomes outdated.