Home Bitcoin News Accounting Guidelines Make the Final result of Tesla's Bitcoin Sale Unclear – CoinDesk

Accounting Guidelines Make the Final result of Tesla's Bitcoin Sale Unclear – CoinDesk

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Sadly, as a result of bitcoin is handled as an indefinite-lived intangible asset, the corporate is just not allowed to extend the worth of the bitcoin to precisely symbolize the monetary actuality that the asset it holds is now value extra. Mark-to-market assets, in distinction, enable corporations to regulate the worth of an asset to replicate its worth as decided by present market situations. If bitcoin had been allowed to be handled as a mark-to-market asset, corporations might do that.

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