Ch12 - CHAPTER 12 GOODWILL AND OTHER INTANGIBLE ASSETS...

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CHAPTER 12 GOODWILL AND OTHER INTANGIBLE ASSETS ASSIGNMENT CLASSIFICATION TABLE Topics Brief Exercises Exercises Problems Writing Assignments 1. Concepts, definitions; items comprising intangible assets. 8, 9, 10 1, 2, 3, 5, 6 1, 2, 7, 8, 9 1, 3 2. Leasehold improvements; franchises; trade names; patents; organization costs. 1, 2, 3, 4, 5, 6, 7, 10, 18 5, 6, 7, 8, 9, 10, 11, 12, 13, 17 1, 2, 3, 4, 7, 9 3 3. Amortization of limited-life intangibles 1, 2, 3, 4, 5, 6, 11 4, 6, 8, 9, 10, 11, 12, 13, 15, 16, 17, 19, 22 1, 2, 3, 4, 7, 10 4. Goodwill. 12, 15 6, 14, 15, 17, 18 4, 5, 6, 7, 9 4 5. Impairment of intangibles. 12, 13, 14, 16 12, 15, 16 4, 5, 6, 7, 8 6. Research and development costs and similar costs. 17 11, 12, 17, 19, 20, 21, 22 1, 9, 10 2, 5 * 7. Valuing goodwill.* 19 23, 24, 25, 26, 27 11, 12 4 *This material is covered in an Appendix to the chapter.
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ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E12-1 Classification issues—intangibles. Moderate 15-20 E12-2 Classification issues—intangibles. Simple 10-15 E12-3 Classification issues—intangible asset. Moderate 10-15 E12-4 Limited-life intangible amortization. Moderate 15-20 E12-5 Correct intangible asset account. Moderate 15-20 E12-6 Recording and amortization of intangibles. Simple 15-20 E12-7 Correct asset account. Simple 15-20 E12-8 Accounting for trade name. Simple 10-15 E12-9 Accounting for lease transaction. Simple 10-15 E12-10 Accounting for organization costs. Simple 10-15 E12-11 Accounting for patents, franchises, and Moderate 15-20 E12-12 Accounting for patents. Moderate 15-20 E12-13 Accounting for patents. Moderate 20-25 E12-14 Accounting for goodwill. Simple 15-20 E12-15 Accounting for goodwill and impairment Simple 10-15 E12-16 Intangible impairment. Simple 15-20 E12-17 Accounting for intangibles Moderate 20-30 E12-18 Goodwill impairment. Simple 15-20 E12-19 Moderate 15-20 E12-20 Simple 15-20 E12-21 Moderate 15-20 E12-22 Moderate 15-20 *E12-23 Calculate normal earnings. Simple 10-15 *E12-24 Calculate goodwill. Moderate 20-25 *E12-25 Calculate goodwill. Moderate 15-20 *E12-26 Calculate goodwill. Simple 10-15 *E12-27 Calculate fair value of identifiable assets Moderate 15-20 P12-1 Correct intangible asset account. Moderate 20-25 P12-2 Accounting for patents. Moderate 20-30 P12-3 Accounting for franchise, patents, and trademark. Moderate 20-30 P12-4 Comprehensive intangible and impairment. Moderate 30-40 P12-5 Amortization of patent and impairment of patent, unlimited-life licence and goodwill. Complex 30-40 P12-6 Calculation of goodwill and impairment. Moderate 20-25 P12-7 Comprehensive problems on intangibles. Complex 50-70
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ASSIGNMENT CHARACTERISTICS TABLE (Continued) Item Description Level of Difficulty Time (minutes) P12-8 Determine useful life of intangibles. Moderate 25-30 P12-9 Accounting for intangible-type expenditures. Moderate
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This note was uploaded on 11/07/2010 for the course ACCT 1000 taught by Professor Curtis during the Spring '06 term at British Columbia Institute of Technology.

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Ch12 - CHAPTER 12 GOODWILL AND OTHER INTANGIBLE ASSETS...

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