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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Marconi who wrote (3410)	9/2/1999 12:30:00 PM
From: JDN	Read Replies (1) \| Respond to of 10293

Dear Marconi: Seems to me the FASB has another out already on the books. That is: any asset recorded is to be at the lower of COST or NET REALIZABLE value. For instance, if Goodwill (an intangible) is on the books it must constantly be reviewed to determine it is realizable through future profits. My concern is that if Legitimate Intangible costs are caused to be UNRECORDED it overstates that years expenses but also OVERSTATES future income in that there is no cost to amortize against it. JDN