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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: Ahda who wrote (1120)10/22/2000 1:46:50 AM
From: Raymond Duray  Read Replies (1) of 46821
 
You are correct. The revision is supposed to take effect at the real dawning of the millenium. I've seen scant evidence that the change is to be quashed. While CSCO may have abused the method and been culpable of a whopper, abetting the decision to change the rules; I still feel that the alternate method, which requires the the amortization of patents, IP, and trade secrets, copyrights and such like over 30 years is simply a boondoggle and reflexive reach for the accountancy industry. Since a lot of tech is obsolete 9 months after it is created, it is the height of absurdity to have to spend pointless hours accounting for it 29.333 years after obsolescence. But then again, the accounting industry is culpable for the swiss-cheese we call the IRS tax code as well. So it stands to reason that they'd want to create as Kafkesque a structure as possible.
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