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Determining Useful Lives of AI Assets

Published by CBIZ

This document delves into the crucial process of determining the useful lives of AI assets, particularly large language models and related data assets, within the accounting framework. It highlights the importance of aligning amortization schedules with the rapid pace of technological advancement and market demands in AI. The guide discusses key factors such as technological obsolescence, market dynamics, and competitive pressures, which influence these determinations. Practical guidance is provided on assessing and adjusting the financial reporting to reflect the actual economic benefits derived from AI technologies, ensuring compliance and strategic decision-making are based on accurate financial insights.

 

 

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Related Categories Artificial Intelligence, AI Ethics, Machine Learning Models, AI Applications, Computer Vision, Predictive Analysis, Customer Segmentation, Lead Scoring, Marketing Automation, Personalization, Healthcare

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