Air is mainly composed of nitrogen, oxygen, and argon, which together constitute the major gases of the atmosphere. Water vapor accounts for roughly 0.25% of the atmosphere by mass.
Physical property, such as real estate, does not qualify due to the unpredictable length of the sales process. As retirement accounts, 401(k)s and IRAs operate both as liquid assets and non-liquid assets depending on the circumstance.
The cost of all other intangible assets developed internally should be charged to expense in the period incurred. Amortization of Intangible Assets. If an intangible asset has a finite useful life, you should amortize it over that useful life.The amount to be amortized is its recorded cost, less any residual value. However, intangible assets are usually not considered to have any residual value, so the full amount of the asset is usually amortized.he cost of all other intangible assets developed internally should be charged to expense in the period incurred. Amortization of Intangible Assets. If an intangible asset has a finite useful life, you should amortize it over that useful life. The amount to be amortized is its recorded cost, less any residual value.