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dness
New Member

recording noncompete liability

5/31/09 2:32 PM,   Viewed by asker 6/1/09 12:39 PM
Total Views: 625

how do i record the amount paid for a noncompete agreement

 
 
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All Replies:  Answers (2)   Comments (1)
djo
Advanced Certified ProAdvisor
 
Rating 0

Answer

5/31/09 5:34 PM

Record it as an asset and amortize it over the term of the agreement.

 
 
 
djo
Advanced Certified ProAdvisor
 
Rating + 5

Answer

5/31/09 5:36 PM

This applies only if the non compete meets certain condition.

 
 
 
dness
New Member

Comment 

6/1/09 4:41 AM

what are the criteria?

 
 
 
 
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