Chapter 11 Intangibles Intangibles Contents Contents • 1. Introduction to intangibles • 2. Identifiable intangible assets • 3. Measurement of intangible assets subsequently to initial recognition • 4. Disposal/ retirement of intangible assets 2 Contents Contents • 5. Unidentifiable intangible assets － goodwill • 6. Disclosure of intangible assets • 7. Other non-current assets 3 1. 1. Introduction Introduction to to intangibles intangibles • Intangible assets‚ which generally result form legal
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TRUE-FALSE—Conceptual 1. Intangible assets derive their value from the right (claim) to receive cash in the future. 2. All research phase and development phase costs are expensed as incurred. 3. Research phase costs are capitalized as an intangible asset once economic viability. 4. Companies are required to assess the estimated useful life and salvage value of intangible assets at least annually. 5. Impairment testing is conducted annually for both limited–life and indefinite-life intangible assets.
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(PP&E) and ’Intangible Assets ’. PP&E often contains such non-current assets as land and buildings‚ motor vehicles‚ office equipment‚ computers‚ and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents to trade secrets‚ customer lists/leads‚ noncompetition agreements‚ franchises‚ and goodwill. The accounting methods for PP&E is very similar to those of Current Assets‚ though there are significant differences in the costs to be capitalized
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study is to examine several issues when dealing with intangible assets. By means secondary research‚ relevant evidence from many sources was selected‚ evaluated and organized into three main points‚ which are research and development cost‚ brand valuation and the risk of intangible asset in financial statement in relation with market and book value. The evidence includes statistical data and expert opinion. The research results that intangible assets give a significant impact to the company if they
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Explain the principles behind cost benefit analysis. Is the use of cost benefit analysis essential in the appraisal of public spending? Discuss this in the light of a transport capital expenditure project with which you are familiar. Cost–benefit analysis is often used by governments to evaluate the desirability of a given intervention. It is an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs. The aim is to gauge the efficiency
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Q1 1. an intangible asset should be amortised and written off on a systematic basis over the asset’s economic life 2. internally generated goodwill may be carried in the statement of financial position if the value can be determined with reasonable certainty 3. internally generated brands can never be recognised as intangible assets Which of the following is consistent with IAS 38 Intangible assets? A 1 and 2 only B 1 and 3 only C 2 only D 3 only Q2 During 20x7‚ Research
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Cost Benefit Analysis (CBA) A technique used to determine if the proposed system is feasible in the company by quantifying its cost and benefits. Defines the process involves‚ whether explicitly or implicitly‚ weighing the total expected cost against the total expected benefits. I. Computer Package Cost | | | | |Item |Specification
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We can only imagine next generation of business if we can find the importance and growing of the Intangible assets in industry. The tremendous growth and the level of critical data‚ documents (either by email‚ fax‚ data transfer‚ cloud‚ or any channel of communication) and knowledge are the major area and by protecting them‚ we can get sustainable competitive advantage. For any organization its major concern that intellectual’ assets are well marked as per there risk level and properly managed. In
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Executive Summary Detail here one paragraph for each weakness: • One sentence for the weakness • One sentence for the recommendation • One sentence for the costs and benefits. 4 Introduction This section covers 4 areas and should be written about the organisation as a whole not just the key area you will focus on later:- Overview of Business (cover PIC 1.1‚ 1.3‚ 1.4) What do they do? How big are they? What external relationships do they have? Who are the key stakeholders
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economic growth in a way which is sustainable over the long term. Interest in determining costs and benefits is increasing in the environmental field. The possibilities for performing cost-benefit analyses in the waste area depend‚ however‚ on what is known about the actual emissions or discharges associated with waste disposal methods and their effects on the environment and health. On the other hand‚ the benefits and disadvantages of recycling are more complex. Development of a recycling program can
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