Intermediate Accountingch answerch12.docx
- 文档编号:24296590
- 上传时间:2023-05-26
- 格式:DOCX
- 页数:71
- 大小:69.04KB
Intermediate Accountingch answerch12.docx
《Intermediate Accountingch answerch12.docx》由会员分享,可在线阅读,更多相关《Intermediate Accountingch answerch12.docx(71页珍藏版)》请在冰豆网上搜索。
IntermediateAccountingchanswerch12
CHAPTER12
IntangibleAssets
ASSIGNMENTCLASSIFICATIONTABLE(BYTOPIC)
Topics
Questions
BriefExercises
Exercises
Problems
ConceptsforAnalysis
1.
Intangibleassets;concepts,definitions;itemscomprisingintangibleassets.
1,2,3,4,5,6,7,8,9,10,11,12,13,14
1,2,3,
5,6
1,2,3,4
1,2,3
2.
Patents;franchise;organizationcosts;tradename.
9,10,11,25
1,2,3,4,
7,12,13
4,5,6,7,8,9,10,11,13
1,2,3,
4,6
1,2
3.
Goodwill.
12,13,14,18
5,7,8
6,12,13,15
5,6
4.
Impairmentofintangibles.
15,16,17,18
6,7,8
14,15
6
5.
Researchanddevelopmentcosts
andsimilarcosts.
19,20,21,
22,23,24
9,10,11,12
4,16,17
1,2,3
4,5
*6.
Computersoftwarecosts.
26,27,28
14
18,19
*ThismaterialiscoveredinanAppendixtothechapter.
ASSIGNMENTCLASSIFICATIONTABLE(BYLEARNINGOBJECTIVE)
LearningObjectives
BriefExercises
Exercises
Problems
1.
Describethecharacteristicsofintangibleassets.
1,2,3
2.
Identifythecoststoincludeintheinitialvaluation
ofintangibleassets.
1,2,3,4
5,7,9,
10,11
1,2,3,6
3.
Explaintheprocedureforamortizingintangibleassets.
1,2,3,4,
12,13
4,5,6,7,9,10,11,13
1,2,3,6
4.
Describethetypesofintangibleassets.
1,2,3
5.
Explaintheconceptualissuesrelatedtogoodwill.
12,13
6.
Describetheaccountingproceduresforrecordinggoodwill.
5
12,13,15
5,6
7.
Explaintheaccountingissuesrelatedtointangible-assetimpairments.
6,7,8
14,15
5,6
8.
Identifytheconceptualissuesrelatedtoresearchanddevelopmentcosts.
5,9
9.
Describetheaccountingforresearchanddevelopmentandsimilarcosts.
9,10,11,12
4,6,8,
16,17
4
10.
Indicatethepresentationofintangibleassets
andrelateditems.
13
4,6
*11.
Understandtheaccountingtreatmentforcomputersoftwarecosts.
14
18,19
*ThismaterialiscoveredinanAppendixtothechapter.
ASSIGNMENTCHARACTERISTICSTABLE
Item
Description
LevelofDifficulty
Time
(minutes)
E12-1
Classificationissues—intangibles.
Moderate
15–20
E12-2
Classificationissues—intangibles.
Simple
10–15
E12-3
Classificationissues—intangibleasset.
Moderate
10–15
E12-4
Intangibleamortization.
Moderate
15–20
E12-5
Correctintangibleassetaccount.
Moderate
15–20
E12-6
Recordingandamortizationofintangibles.
Simple
15–20
E12-7
Accountingfortradename.
Simple
10–15
E12-8
Accountingfororganizationcosts.
Simple
10–15
E12-9
Accountingforpatents,franchises,andR&D.
Moderate
15–20
E12-10
Accountingforpatents.
Moderate
20–25
E12-11
Accountingforpatents.
Moderate
15–20
E12-12
Accountingforgoodwill.
Moderate
20–25
E12-13
Accountingforgoodwill.
Simple
10–15
E12-14
Copyrightimpairment.
Simple
15–20
E12-15
Goodwillimpairment.
Simple
15–20
E12-16
AccountingforR&Dcosts.
Moderate
15–20
E12-17
AccountingforR&Dcosts.
Moderate
10–15
*E12-18
Accountingforcomputersoftwarecosts.
Moderate
10–15
*E12-19
Accountingforcomputersoftwarecosts.
Moderate
15–20
P12-1
Correctintangibleassetaccount.
Moderate
15–20
P12-2
Accountingforpatents.
Moderate
20–30
P12-3
Accountingforfranchise,patents,andtradename.
Moderate
20–30
P12-4
AccountingforR&Dcosts.
Moderate
15–20
P12-5
Goodwill,impairment.
Complex
25–30
P12-6
Comprehensiveintangibleassets.
Moderate
30–35
CA12-1
Accountingforpollutionexpenditure.
Moderate
25–30
CA12-2
Accountingforpre-openingcosts.
Moderate
20–25
CA12-3
Accountingforpatents.
Moderate
25–30
CA12-4
Accountingforresearchanddevelopmentcosts.
Moderate
25–30
CA12-5
Accountingforresearchanddevelopmentcosts.
Moderate
20–25
SOLUTIONSTOCODIFICATIONEXERCISES
CE12-1
AccordingtotheMasterGlossary:
(a)Intangibleassetsareassets(notincludingfinancialassets)thatlackphysicalsubstance.(The
termintangibleassetsisusedtorefertointangibleassetsotherthangoodwill.)
(b)Anassetrepresentingthefutureeconomicbenefitsarisingfromotherassetsacquiredinabusinesscombinationoranacquisitionbyanot-for-profitentitythatarenotindividuallyidentifiedandseparatelyrecognized.Foreaseofreference,thistermalsoincludestheimmediatechargerecognizedbynot-for-profitentitiesinaccordancewithparagraph958-805-25-29.
(c)ResearchandDevelopment:
Researchisplannedsearchorcriticalinvestigationaimedatdiscoveryofnewknowledgewiththehopethatsuchknowledgewillbeusefulindevelopinganewproductorservice(referredtoasproduct)oranewprocessortechnique(referredtoasprocess)orinbringingaboutasignificantimprovementtoanexistingproductorprocess.
Developmentisthetranslationofresearchfindingsorotherknowledgeintoaplanordesignforanewproductorprocessorforasignificantimprovementtoanexistingproductorprocesswhetherintendedforsaleoruse.Itincludestheconceptualformulation,design,andtestingofproductalternatives,constructionofprototypes,andoperationofpilotplants.
(d)Adevelopmentstageentityisanentitydevotingsubstantiallyallofitseffortstoestablishinganewbusinessandforwhicheitherofthefollowingconditionsexists:
1.Plannedprincipaloperationshavenotcommenced.
2.Plannedprincipaloperationshavecommenced,buttherehasbeennosignificantrevenue
therefrom.
CE12-2
SeeFASBASC350-30-35.Inthediscussionsrelatedto“DeterminingtheUsefulLifeofanIntangibleAsset”
35-1Theaccountingforarecognizedintangibleassetisbasedonitsusefullifetothereportingentity.Anintangibleassetwithafiniteusefullifeshallbeamortized;anintangibleassetwithanindefiniteusefullifeshallnotbeamortized.
35-2Theusefullifeofanintangibleassettoanentityistheperiodoverwhichtheassetisexpectedtocontributedirectlyorindirectlytothefuturecashflowsofthatentity.Theusefullifeisnottheperiodoftimethatitwouldtakethatentitytointernallydevelopanintangibleassetthatwouldprovidesimilarbenefits.However,areacquiredrightrecognizedasanintangibleassetisamortizedovertheremainingcontractualperiodofthecontractinwhichtherightwasgranted.Ifanentitysubsequentlyreissues(sells)areacquiredrighttoathirdparty,theentityincludestherelatedunamortizedasset,ifany,indeterminingthegainorlossonthereissuance.
CE12-2(Continued)
35-3Theestimateoftheusefullifeofanintangibleassettoanentityshallbebasedonananalysisofallpertinentfactors,inparticular,allofthefollowingfactorswithnoonefactorbeingmorepresumptivethantheother:
a.Theexpecteduseoftheassetbytheentity.
b.Theexpectedusefullifeofanotherassetoragroupofassetstowhichtheusefullifeoftheintangibleassetmayrelate.
c.Anylegal,regulatory,orcontractualprovisionsthatmaylimittheusefullife.Thecashflowsandusefullivesofintangibleassetsthatarebasedonlegalrightsareconstrainedbythedurationofthoselegalrights.Thus,theusefullivesofsuchintangibleassetscannotextendbeyondthelengthoftheirlegalrightsandmaybeshorter.
d.Theentity’sownhistoricalexperienceinrenewingorextendingsimilararrangements,consistentwiththeintendeduseoftheassetbytheentity,regardlessofwhetherthosearrangementshaveexplicitrenewalorextensionprovisions.Intheabsenceofthatexperience,theentityshallconsidertheassumptionsthatmarketparticipantswoulduseaboutrenewalorextensionconsistentwiththehighestandbestuseoftheassetbymarketparticipants,adjustedforentity-specificfactorsinthisparagraph.
e.Theeffectsofobsolescence,demand,competition,andothereconomicfactors(suchasthestabilityoftheindustry,knowntechnologicaladvances,legislativeactionthatresultsinanuncertainorchangingregulatoryenvironment,andexpectedchangesindistributionchannels).
f.Thelevelofmaintenanceexpendituresrequiredtoobtaintheexpectedfuturecashflowsfromtheasset(forexample,amateriallevelofrequiredmaintenanceinrelationtothecarryingamountoftheassetmaysuggestaverylimitedusefullife).Asindeterminingtheusefullifeofdepreciabletangibleassets,regularmaintenancemaybeassumedbutenhancementsmaynot.
Further,ifanincomeapproachisusedtomeasurethefairvalueofanintangibleasset,indeterminingtheusefullifeoftheintangibleassetforamortizationpurposes,anentityshallconsidertheperiodofexpectedcashflowsusedtomeasurethefairvalueoftheintangibleassetadjustedasappropriatefortheentity-specificfactorsinthisparagraph.
35-4Ifnolegal,regulatory,contractual,competitive,economic,orotherfactorslimittheusefullifeofanintangibleassettothereportingentity,theusefullifeoftheassetshallbeconsideredtobeindefinite.Thetermindefinitedoesnotmeanthesameasinfiniteorindeterminate.Theusefullifeofanintangibleassetisindefiniteifthatlifeextendsbeyondtheforeseeablehorizon—thatis,thereisnoforeseeablelimitontheperiodoftimeoverwhichitisexpectedtocontributetothecashflowsofthereportingentity.Suchintangibleassetsmightbeairportrouteauthorities,certaintrademarks,andtaxicabmedallions.
CE12-3
AccordingtheFASBASC730-10-50:
50-1Disclosureshallbemadeinthefinancialstatementsofthetotalresearchanddevelopmentcostschargedtoexpenseineachper
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- Intermediate Accountingch answerch12