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Chapter 6 - Intangible Assets
an. 1 Patents 60,000 Cash 60,000
-006
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Chapter 6 - Intangible Assets
Cash 1-0,000
#ec. 31 morti/ation $%pense 1-,000 ccumulate( morti/ation
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Chapter 6 - Intangible Assets
R"#=-00,0001,400,000600,000100,000=-,300,000 1,000,000 52 % A =
100,000
6- (.C C"mpan!)a. 'air alue of net assets 1,000,000 1,00,000
5,00,000 ; -.360,0002 P6,-40,000
Cash purchase price ,000,0009oo(*ill P 60,000
&. 7ra(e Receia&les 1,000,000
?nentory 1,00,000
Property, Plant an( $quipment 5,00,000
9oo(*ill 60,000 Current +ia&ilities 60,000 Boncurrent
+ia&ilities 1,600,00
0
Cash ,000,000
6-/ (G&"0a& C"mp%ter C"rp"rati"n)a. R " # $%pense
!00,000
Soft*are 500,000 Cash 1,300,00
0
&. morti/ation $%pense 15,000 ccumulate( morti/ation
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Chapter 6 - Intangible Assets
M2LTIPLE CHOICE 32ESTIONST4e"r!:C1 c :C6 ( :C1
1( :C1
6&
:C- c :C & :C1-
a :C1
c
:C3 ( :C! ( :C13
( :C1!
c
:C4 a :C & :C14
& :C1
(
:C5 & :C10
c :C15
a :C-0
c
Pr"0&ems
:C-1 ( -44,000 100,000 = 344,000
:C-- a P0:C-3 c 50,000 150,000 = 00,000
:C-4 & 1,-00,000 % -50 = 4!,000@ 50,000 102 % -1- =
1-,50060,000 % -1- = 10,000@ 4!,000 1-,500 10,000 = 0,500
:C-5 & 1-5,000 10 = 1-,500@ --,500 5 = 54,500 % A =
-,-50656,-00 1 = 3!,600@ 1-,500 -,-50 3!,600 = !,350
:C-6 & -00,000 100,000 % -.12 = 41,000
:C- c 340,000 10 = 34,000 % A = 1,000:C-! c 340,000 ; 1,000 ;
34,000 = -!,000
:C- & -!,000 5 = 5,!00
:C30 a P0:C31 c 6!,000 -4,000 6,000 1,000 = 11,000
:C3- c 15-,000 ! = 1,000:C33 a 1,440,000 % 1.510 = -16,000
:C34 ( 40,000 5,000 = 45,000:C35 c 00,000 % 10 = 630,000
:C36 & -10,000 300,000 400,000 --0,000 -60,000 =
-,0!0,000:C3 c 1,500,000 30 = 50,000
:C3! & 1,000,000
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Chapter 6 - Intangible Assets
:C3 ( 4!0,000 10 = 4!,000
:C40 a 4!0,000 % 5102 -00,000 = 440,000@ 440,000 10 = 44,000:C41
& 440,000 ; 44,000 % 3.5 yrs2 = -!6,000
:C4- & -0,000 % 610 = 16-,000@ 16-,000 3 = 54,000@ 16-,000 ;
54,000 =10!,000
:C43 c 1,150,000 ; 5-5,000 = 6-5,000@ 00,000 ; 6-5,000 =
5,000
:C44 ( 15=-0@ #epreciation is the higher rate *hich is 30@ thus
carrying amount is0:C45 a 1,500,000 5,000,000 = 30@ 30 % -,500,000
= 50,000
*,
