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 depreciation (amortization) base is the portion of the cost of a long-lived asset subject to depreciation or amortizationâcapitalized cost less estimated salvage value. Dissimilar asset is a classification of long lived assets used in determining the proper method of accounting for long-lived asset exchanges.