/terminal research library 758

Expectations and the Role of Intangible Investments

Publish Date: 15-09-2020

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Source: Morgan Stanley

Author(s): Dan Callahan Michael Mauboussin

Type: Paper

Synopsis: @trengriffin:Depreciate R&D over 10 years and look at what happens to GAAP earnings. __ What's the useful life of Shopify's software? Expense R&D costs immediately? Seriously? __ What's the useful life of DocuSign's software? One year or less? Are you joking? __ Over what period should Stripe's software be depreciated? Expense it immediately? That's coconuts! __

Public Link: https://www.morganstanley.com/im/publication/insights/articles/articles_onejob.pdf

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