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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: GC who wrote (48)5/11/1998 1:09:00 PM
From: Jim Court  Read Replies (1) of 5541
 
GC,

I spoke to my auditor friend. He stated that his understanding was that a movie is no different than any other capital asset. It can be depreciated over the time that the movie is expected to produce revenue. The only caveat sp? is that if the movie is a flop, as soon as this realization is made, the entire remaining expense must be taken in that accounting period.

With mutiple distribution channels,(domestic, international, and video) I would assume that the expense can be depreciated over one year. JMHO.

Jim
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