ENTITY Form 8-18
PREPARED BY REVIEWED BY
REVISION DATE SECTION PAGE
ACCOUNTING FOR DEVELOPMENT EXPENDITURES
CURRENT ACCOUNTING PROCEDURES
Are all current development expenditures being charged off as incurred? [ ] Yes [ ] No If not, what
expenditures are not charged off to current operations?
If not charged off as incurred, what is the accounting treatment?
If certain current development expenditures are being amortized, please provide a list of the items and their
PREVIOUS ACCOUNTING PROCEDURES
Were different accounting procedures used for development expenditures in the past? [ ] Yes [ ] No If so,
what was the first year the new procedures were implemented?
How did the previous procedures vary from those currently utilized?
If the previous procedures involved the amortization of development expenditures, how were expenditures
related to unsuccessful and/or terminated projects treated?
When the transition was made to the current procedures, was the entire remaining balance in the amortization
account charged off? [ ] Yes [ ] No If so, what was the amount written off at that time?
If the above answer was “no,” what was the then remaining balance in the amortization account and what have
been the annual amortization charges in the intervening years?
Is there a balance remaining in the amortization account at the present time? [ ] Yes [ ] No If so, what is
the remaining amount and its amortization schedule?