fixed assets?

0 ⤊

Takeover fees consider as fixed assets?

2007-01-08 14:58:41 · 2 answers · asked by smurfiee 1 in Business & Finance ➔ Personal Finance

2 answers

No.

As, by definition 'fixed assets' are things that take time to change and fees paid in a takeover are cash, these fees are variable assets. Cash can change daily. Buildings, land and plant do not change except in the 'long run' - these things are 'fixed cassets.'

2007-01-08 15:03:52 · answer #1 · answered by jemhasb 7 · 0⤊ 0⤋

They're not fixed assets, but you may have to capitalize them and amortize them over 60 months. Consult www.irs.gov to double check. I'm pretty sure, though, takeover fees fall into the same category as start-up fees, which you do have to capitalize.

2007-01-08 23:08:27 · answer #2 · answered by kkline03 2 · 0⤊ 0⤋