An intangible asset is regarded as having an indefinite useful life and is not amortised when there is no foreseeable limit to the period over which the asset is expected to generate economic benefits for the Bank. At the balance sheet date, the Bank does not have any intangible assets with...
And Burns was hardly a disinterested actor as Fed chairman, having orchestrated a monetary expansion to promote the re-election chances of his benefactor Richard Nixon after securing, in return for that service, Nixon’s agreement to implement an incomes policy to limit the growth of wages, a ...