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recording noncompete liability
5/31/09 2:32 PM, Viewed by asker 6/1/09 12:39 PM
Total Views: 633
Total Views: 633
how do i record the amount paid for a noncompete agreement
All Replies: Answers (2)
Comments (1)
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Answer
5/31/09 5:34 PM
Record it as an asset and amortize it over the term of the agreement.
Rating + 5
Answer
5/31/09 5:36 PM
This applies only if the non compete meets certain condition.
Comment
what are the criteria?