Eli Lilly 12 - 4 What is the balance sheet value of...

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2009 Eli Lilly Financial Statement Analysis Name: Chapter 12: Intangibles Eli Lilly discusses its intangible assets in Note 1. Use that note to answer the following questions: 1. What time frame does Eli Lilly use to amortize its acquisition and research alliance intangible assets with finite lives? 2. What method is used to amortize those intangibles? 3. When does Eli Lilly test its intangibles for impairment?
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Unformatted text preview: 4. What is the balance sheet value of goodwill and other net intangibles at 12/31/2009? NOTE: This can also be found in Note 1. 5. Where is substantially all of the yearly amortization expense found in the income statement (use Note 1)? 6. How much goodwill was generated when Eli Lilly purchased ImClone during 2008 (Note 3)? 7. What was the company’s R&D expense for 2009?...
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