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Accounting Guidelines Make the End result of Tesla’s Bitcoin Sale Unclear

Ella Mai by Ella Mai
February 7, 2023
in Business
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Accounting Guidelines Make the End result of Tesla’s Bitcoin Sale Unclear
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Sadly, as a result of bitcoin is handled as an indefinite-lived intangible asset, the corporate will not be allowed to extend the worth of the bitcoin to precisely symbolize the monetary actuality that the asset it holds is now price extra. Mark-to-market assets, in distinction, enable firms to regulate the worth of an asset to mirror its worth as decided by present market situations. If bitcoin had been allowed to be handled as a mark-to-market asset, firms might do that.

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