The Client Information System (CIS) is a web-based application designed for use on. most computers with an internet connection. There are, however, some minimum. requirements that must be met for its correct operation. While CIS may work (or. appear to work) normally on other operating systems or using other web browsers,
Amortization refers to spreading the cost of an intangible asset over its useful life. Depreciation refers to prorating the cost of a tangible asset over its estimated life. Intangible assets include patents, copyrights, and intellectual property. Tangible assets include land, buildings, equipment, and vehicles.
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.