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The creator of this cryptocurrency is Satoshi Nakamoto who is unknown and can be an individual, group of people or organization. Bitcoins are born from a gold mining process and through an ICO (Initial Coin Offering), similar to the IPO on the stock exchange. The uppercase “B” (Bitcoin) refers to the payment network, while the lowercase “b” (bitcoin) refers to digital gold and blockchain is the encrypted digital record that stores securely, verifiably and permanently data. The valuation of this asset by the Cost Method (mining costs) indicates the reconstruction cost, but does not consider the market demand. The Discounted…Read more

Financial instruments are receivables, which include, but are not limited to swap, promissory, convertible stock, stock option, financial guarantee and bond agreements, and the valuation of these instruments requires the estimation of possible loss in value, considering future foreseeable factors….Read more

Purchase Price Allocation is the allocation of acquired assets and liabilities at fair value. Assets are tangible and intangible and liabilities are all debts. The process includes the identification and valuation of assets and liabilities.   Industrial plants, urban and rural real estate, land, etc…;   Machinery, equipment, installations, etc…;   Intangibles;   Debts and obligations. When the value of the assets, minus the value of the liabilities, is lower than the acquisition value, we identify the goodwill of the transaction….Read more

Mexico has already implemented the international standard for financial reporting and NIIF – C6 establishes the assets values reviewing when they change significantly. If there are no significant changes, then appraisals can be performed every 3 or 5 years. The same standard states that the depreciation method should be revised at the end of each fiscal period and if there is a significant change in the expected pattern then the new useful lives should be noted….Read more

The machines are processing huge amounts of data and complex calculations with great accuracy and high speeds. The machines are doing the work and learning. All models have consistently exceeded human accuracy, eliminating margins of error and creating accuracy. The artificial intelligence valuation is not just an analysis of the current situation, but a projection of future advances to define the gains they will provide. The discounted cash flow method calculates the potential profits generated by the new technologies, while the income method defines the periodic revenues, being very suitable methods for these valuations….Read more

Chile has implemented the international financial reporting standards and fixed assets are guided by IAS (NIC) 08, 16 and 36. Fair values and useful lives should be reviewed annually and any addition or decreases should be recorded in specific accounts. All assets, including those with undefined useful lives, must have their useful lives reviewed. With these analyzes the financial statements reflect the real situation of fixed assets….Read more

The valuations of oil and gas assets are extremely dependent on commodity values (oil and gas) and have appreciation and fall cycles. The used market for these assets is very limited and appraisers need special knowledge to determine market values, insurance, fair value, etc … . New technologies and investments from producing countries significantly impact equipment values. Mynarski is ready to perform these appraisals with all the accuracy and knowledge required….Read more

Uruguay has been in the process of integrating IFRS / NIIFs standards since 2008.   Fair Value Revaluations must be performed regularly and frequency depends on changes in the assets’ fair values. The rules for these evaluations should follow the following topics: The revaluation should be performed by a specialized professional and duly registered with the corresponding professional body; All items from a same class must be reassessed; The increase in value should be offered to taxation; The residual value and the amortization method should be reviewed at least annually. It should be ensured that the companies do not have…Read more

Peru has been in the process of integrating IFRS / NIIFs standards since 2009.   Fair Value Revaluations must be performed regularly and the frequency depends on changes in the assets’ fair values. The rules for these reassessments should follow the following topics: The revaluation should be performed by a specialized professional and duly registered with the corresponding professional body; All items from the same class must be reassessed; The value increase should be offered to taxation; The residual value and the amortization method should be reviewed at least annually. It should be ensured that the companies do not have…Read more

Bolivia has been in the process of integrating IFRS / NIIIFs since 2010.   Lifespan The depreciation method used is the linear, based on the percentages according to art. 22 of the supreme decree 24051 ‘Utilities tax regulation’. If the company wishes to use other depreciation rates, it must request authorization for the tax administration, taking into account the exploitation forms and proposed years of lifespan.    Fair Value The following guidelines should be met in NC Accounting Standard 4 ‘Technical Revaluation of Permanent Assets’: The Technical Revaluation should be executed by a professional specialized in the subject, according to…Read more