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Salva owns Registration of a popular internet domain name. The registration, which had a negligible cost, has a 5 yr remaining life ( at the date of acq); however, it is renewable indefinitely at a nominal cost. At the date of acq the domain name was value by a specialist company at 20 Mil.
My question is why hasnt this been amortized to add the post acq Amortization to the COS. And what is the use of 20 million if you dont need it for amortization calc, does it go in the Net assets of Subsidiary @ SFP table when we are drawing up the SFP?
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This is Dec 09. It is not amortized since registration of domain name is ‘renewable indefinitely’. Need the 20m in order to make the FV adj and add to TNCA in SOFP.
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