tags: 📥️/🔖️/🟥️ publish: true aliases: - Accounting cover: '' general_subject: specific_subject: source: kindle isbn: doi: url: author: "[[@ClydeBank Business]]" guest: publish_date: reviewed_date: ---  ## Highlights - Simply put, property and equipment are depreciated; intangible assets are amortized. [(Location 1002)](https://readwise.io/to_kindle?action=open&asin=B01C3LZ0TO&location=1002) - Companies cannot simply mark up the value of their intangible assets on their balance sheets on the basis of their own estimations; there must be an actual sale. [(Location 1062)](https://readwise.io/to_kindle?action=open&asin=B01C3LZ0TO&location=1062)