Expectations and the Role of Intangible Investments
Publish Date: 15-09-2020
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Source: Morgan Stanley
Author(s): Michael Mauboussin Dan Callanhan
Type: Article
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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