ch12solution - CHAPTER 12 Intangible Assets ASSIGNMENT...

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Unformatted text preview: CHAPTER 12 Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Intangible assets; concepts, definitions; items comprising intangible assets. 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; organization costs; trade name. 9, 10, 13, 14, 25 1, 2, 3, 4, 5, 7, 11, 12 4, 5, 6, 7, 8, 9, 10, 11, 13 1, 2, 3, 4 1, 2 3. Goodwill. 12, 13, 14, 18 6, 8 6, 12, 13, 15 5 4. Impairment of intangibles. 15, 16, 17, 18 7, 8 14, 15 5. Research and development costs and similar costs. 19, 20, 21, 22, 23, 24 9, 10, 11 16, 17 1, 2, 3 4, 5 *6. Computer software costs. 26, 27, 28 13 18, 19 *This material is covered in an Appendix to the chapter. 12-1 1.1 ASSIGNMENT CHARACTERISTICS TABLE 12-2 It e m Description Level of Difficu lty Time (minut es) E 12-1 Classification issuesintangibles. Moder ate 15-20 E 12-2 Classification issuesintangibles. Simple 10-15 E 12-3 Classification issuesintangible asset. Moder ate 10-15 E 12-4 Intangible amortization. Moder ate 15-20 E 12-5 Correct intangible asset account. Moder ate 15-20 E 12-6 Recording and amortization of intangibles. Simple 15-20 E 12-7 Accounting for trade name. Simple 10-15 E 12-8 Accounting for organization costs. Simple 10-15 E 12-9 Accounting for patents, franchises, and R&D. Moder ate 15-20 E 12- 10 Accounting for patents. Moder ate 20-25 E 12- 11 Accounting for patents. Moder ate 15-20 E 12- 12 Accounting for goodwill. Moder ate 20-25 E 12- 13 Accounting for goodwill. Simple 10-15 E 12- 14 Intangible impairment. Simple 15-20 12-3 E 12- 15 Goodwill impairment. Simple 15-20 E 12- 16 Accounting for R&D costs. Moder ate 15-20 E 12- 17 Accounting for R&D costs. Moder ate 10-15 *E 12- 18 Accounting for computer software costs. Moder ate 10-15 *E 12- 19 Accounting for computer software costs. Moder ate 15-20 P 12-1 Correct intangible asset account. Moder ate 15-20 P 12-2 Accounting for patents. Moder ate 20-30 P 12-3 Accounting for franchise, patents, and trade name. Moder ate 20-30 P 12-4 Accounting for R&D costs. Moder ate 20-25 P 12-5 Goodwill, Impairment Compl ex 25-30 C 12-1 Accounting for pollution expenditure. Moder ate 25-30 C 12-2 Accounting for pre-opening costs. Moder ate 20-25 C 12-3 Accounting for patents. Moder ate 25-30 C 12-4 Accounting for research and development costs. Moder ate 25-30 12-4 C 12-5 Accounting for research and development costs, ethics. Moder ate 20-25 12-5 ANSWERS TO QUESTIONS 1. The two main characteristics of intangible assets are: (a) they lack physical substance. (b) they are not a financial instrument. 2. If intangibles are acquired for stock, the cost of the intangible is the fair value of the consideration given or the fair value of the consideration received, whichever is more clearly evident....
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ch12solution - CHAPTER 12 Intangible Assets ASSIGNMENT...

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