Unformatted text preview: 2004: $11,680 D) The amounts of property, plant, and equipment purchased (capital expenditures) were as follows, 2003: ($12,150) 2004: ($17,948) E) Tootsie Roll accounted for its intangible assets in 2004 in accordance with SFAS No. 142, “Goodwill and Other Intangible Assets” which means assets with indefinite lives are not amortized but get tested for impairment annually instead....
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- Spring '08
- Intangible Assets, Generally Accepted Accounting Principles, Tootsie Roll Industries, Tootsie Roll Industries, Inc., Mike Gemmati ACC