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What is the difference of handling internally generated intangible assets between Apple and Samsung?
report on the impacts of AASB138/IAS38 for internally generated intangible assets. Discuss any differences between accounting for internally generated intangible assets and acquired intangible assets in AASB138/IAS38. Discuss why companies may be reluctant to press. With examples and references
How does Samsung handle internally generated intangibles under International Financial Reporting Standards?
How are accounting judgments regarding internally generated intangible influenced by accountants’ heuristics and biases?
QUESTION 19 AASB 138 distinguishes between internally generated and externally acquired Goodwill because: Internally generated goodwill is developed in order to be separately sold and will be recorded as income. Externally acquired Goodwill cannot be reliably measured must be expensed immediately. The two different sources of goodwill result in two different types of assets. Internally generated goodwill cannot be reliably measured and must not be recorded as an asset.
QUESTION 6 What is the difference in the treatment of internally generated goodwill from the purchased goodwill under AASB 1387 Purchased goodwill is not amortised; whereas, internally generated goodwill caribe amortised over a period of 10 years. Purchased goodwill may be recorded as an asset, whereas internally generated goodwill may not. Purchased goodwill can be amortised over a period of 10 years; whereas, internally generated goodwill is recognised as an asset which cannot be amortised. Purchased goodwill is to be...
How does Apple Inc handle internally generated intangibles under U.S. General Accepted Accounting Standards?
The main difference between intangible assets and property, plant, and equipment is the length of the asset's life. O True O False
Assume that the cross-price elasticity of demand between apple phones and samsung phones is 1.4. If the price of apple phones increases by 5%, then the quantity demanded of samsung phones will___? A. increase by 6.4% B. increase by 7.0% C. decrease by 7.0% D. increase by 9.6% E. decrease by 9.6% Please show work on how you got the answer, thank you! :)
Intangible assets are the rights and privileges that result from ownership of long-lived assets that a)have been exchanged at a gain. b)must be generated internally. c)are depreciated over their useful life. d)do not have physical substance.
Intangible assets have two primary traits. They do not have physical existence and they are not financial instruments. Intangible assets acquire value from the rights and privileges granted from using them. Purchased intangible assets are recorded at cost and costs incurred to create intangibles internally are normally expensed. Imagine you are the chief financial officer of a company with valuable internally created intangible assets. Create an argument supporting the inclusion of the intangibles on the balance sheet at fair market...