CH 10 - CHAPTER 10 Intangible Assets ASSIGNMENT...

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10-1 CHAPTER 10 Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Intangible asset Issues; characteristics, valuation; amortization. 1, 2, 3, 4, 5, 6, 7, 8, 27 1, 2, 3, 5, 6 1, 2, 3 1, 2, 4 2. Types of Intangible assets; marketing- related; customer- related; artistic- related; contract- related; technology related; goodwill. 6, 8, 9, 10, 11, 12, 13, 14 1, 2, 3, 4, 5, 6, 9, 11, 12, 13 4, 5, 6, 7, 9, 10, 11, 12, 13 1, 2, 3, 5 1, 2, 4 3. Impairments. 15, 16, 17, 18, 19, 20 7, 8, 9 14, 15, 16, 17, 18 5 4. Research and development costs and start-up costs. 9, 21, 22, 23, 24, 25, 26 10, 11 8, 9, 10, 18, 19, 20 1, 2, 3, 4 1, 3, 5
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10-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E10-1 Classification issues—intangibles. Moderate 15-20 E10-2 Classification issues—intangibles. Simple 10-15 E10-3 Classification issues—intangible asset. Moderate 10-15 E10-4 Intangible amortization. Moderate 15-20 E10-5 Correct intangible asset account. Moderate 15-20 E10-6 Recording and amortization of intangibles. Simple 15-20 E10-7 Accounting for trade name. Simple 10-15 E10-8 Accounting for organization costs. Simple 10-15 E10-9 Moderate 15-20 E10-10 Accounting for patents. Moderate 20-25 E10-11 Accounting for patents. Moderate 15-20 E10-12 Accounting for goodwill. Moderate 20-25 E10-13 Accounting for goodwill. Simple 10-15 E10-14 Impairment. Simple 10-15 E10-15 Impairment. Simple 15-20 E10-16 Impairment. Simple 15-20 E10-17 Intangible impairment. Simple 15-20 E10-18 Goodwill impairment. Simple 15-20 E10-19 Moderate 15-20 E10-20 Moderate 10-15 P10-1 Correct intangible asset account. Moderate 15-20 P10-2 Accounting for patents. Moderate 20-30 P10-3 Accounting for franchise, patents, and trade name. Moderate 20-30 P10-4 Moderate 20-25 P10-5 Goodwill, impairment. Moderate 20-25 C10-1 Accounting for intangible-type expenditures. Moderate 25-35 C10-2 Accounting for pollution expenditure. Moderate 25-30 C10-3 Accounting for pre-opening costs. Moderate 20-25 C10-4 Accounting for patents. Moderate 25-30 C10-5 Accounting for research and development costs. Moderate 25-30
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10-3 ANSWERS TO QUESTIONS 1. The two main characteristics of intangibles are (a) they lack physical substance (b) they are not financial instruments 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. 3. Limited-life intangibles would be amortized by systematic charges to expense over their useful life. An intangible asset with an indefinite life is not amortized. 4.
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CH 10 - CHAPTER 10 Intangible Assets ASSIGNMENT...

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