Under what circumstance will KOTA Longboards, LLC write off capitalized costs?
Understand the Problem
The question is asking about the circumstances under which KOTA Longboards, LLC would write off capitalized costs. This involves understanding accounting principles related to asset capitalization and write-offs.
Answer
KOTA Longboards, LLC writes off capitalized costs as necessary.
Based on the KOTA Longboards LLC offering document, KOTA Longboards, LLC writes off capitalized costs as necessary. As of December 31, 2017 and 2016, no property and equipment or intangible assets have been impaired.
Answer for screen readers
Based on the KOTA Longboards LLC offering document, KOTA Longboards, LLC writes off capitalized costs as necessary. As of December 31, 2017 and 2016, no property and equipment or intangible assets have been impaired.
More Information
A write-off is the recognizing of the reduced or zero value of an asset.
Tips
Without access to KOTA Longboards LLC's specific accounting policies, a complete and detailed answer is not possible.
Sources
- KOTA Longboards LLC Offering Document PDF - Quizgecko - quizgecko.com
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