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1 an intangible asset with an estimated useful life of 30 years was acquired on january 1 2000 for 540000 on january 1
1 recently a group of university students decided to incorporate for the purposes of selling a process to recycle the
1 in 2009 austin powers corporation developed a new product that will be marketed in 2010 in connection with the
indicate the proper accounting for the following itemsa organization costsb advertising costsc operating
which of the following activities should be expensed currently as r amp d costsa testing in search for or evaluation of
research and development activities may includenbspa personnel costsnbspb materials and equipment costs andnbspc
1 what is the nature of research and development
1 simon company determines that its goodwill is impaired it finds that its implied goodwill is 360000 and its recorded
1 last year wilde company recorded an impairment on an intangible asset held for use recent appraisals indicate that
1 braxton inc is considering the write-off of a limited life intangible because of its lack of profitability explain to
1 in examining financial statements financial analysts often write off goodwill immediately evaluate this
1 under what circumstances is it appropriate to record goodwill in the accounts how should goodwill properly recorded
1 what is good will what is negative 1 what is good will what is negative
1 izzy inc purchased a patent for 350000 which has an estimated useful life of 10 years its pattern of use or
1 mcnabb company spent 190000 developing a new process 45000 in legal fees to obtain a patent and 91000 to market the
1 columbia sportswear company acquired a trademark that is helpful in distinguishing one of its new products the
1 what should be the pattern of amortization for a limited life
1 what are factors to be considered in estimating the useful life of an intangible
1 in 2010 ghostbusters corp spent 420000 for goodwill visits by sales personnel to key customers the purpose of these
1 why does the accounting profession make a distinction between internally created intangibles and purchased
1 intangibles have either a limited useful life or an indefinite useful life how should these two different types of
1 if intangibles are acquired for stock how is the cost of the intangible
1 what are the two main characteristics of intangible
1 lifo choices wilkens company uses the lifo method for inventory costing in an effort to lower net income company
fifo and lifo harrisburg company is considering changing its inventory valuation method from fifo to lifo because of