Q: What is an intangible asset? Provide some examples.
A: Intangible assets: These are the long-term assets which are not physical in nature, but possess…
Q: n of a
A: Definition of an Asset Improvement A capital improvement is a large investment that improves a…
Q: what is accounting for goodwill and what are its implications?
A: Goodwill is an intangible asset. It generally arises from the acquisition of a business. In other…
Q: What is goodwill? Is goodwill amortized? What happens if the value of goodwill has decreased at the…
A: Goodwill: Goodwill is an intangible asset. It is defined as the excess of cost of an acquired…
Q: What is the salvage value of the asset?
A: Depreciable cost: It refers to the cost of an asset that is subject to depreciation. Depreciable…
Q: Why are the impairment rules for goodwill different than for other assets? Explain
A: Goodwill: Goodwill is the good reputation developed by a company over years. This is recorded as an…
Q: Are perishable and homogeneous properties alike? How the possibilities of usury should be observed…
A: Introduction:- Making unethical or immoral monetary loans that unfairly advantage the lender is…
Q: how much is the goodwill?
A: Goodwill is defined as the difference between the purchase price and the fair value of the defined…
Q: How much is the goodwill/gain on bargain purchase?
A: Share capital = P500,000 Additional paid in capital = P300,000 Retained earnings = P500,000 Add:…
Q: Define the term an identical asset?
A: An identical asset is the group of similar assets which are individually not distinguishable and can…
Q: What are those short-lived assets?
A: Short Lived Asset A short lived asset is an asset that's to be sold , converted to money, or…
Q: What Is Goodwill And How Is It Accounted For?
A: Definition: Goodwill: Goodwill is a good reputation developed by a company over the years. This is…
Q: During what situations goodwill is essential to be valued?
A: Goodwill is an intangible asset. Value of a brand, Good relations with customers, solid customer…
Q: Define goodwill impairments.
A: Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on…
Q: What Are Intangible Assets?
A: Intangible assets form a part of the non-current assets of the company.
Q: Which asset never depreciates in value?
A: Depreciation expense: Depreciation expense is the reduction in a particular asset due to its use or…
Q: What is goodwill and how is it measured?
A: Intangible Assets: Intangible assets are the long-term assets having no physical existence. However,…
Q: How do you identify intangible assets such as usufruct in modern transactions? Justify with examples
A: In a usufruct, the property rights of usus and fructus are merged. Usus refers to the right to use…
Q: In what circumstances would goodwill be long-lived or short-lived?
A: Goodwill is a part of assets that is reported on the balance sheet. It is an intangible asset (that…
Q: What factors would result in property increasing in value over a holding period?
A: One holding period is the length of time a creditor retains or the time between purchasing and…
Q: What are those long-lived assets?
A: Long lived assets are those assets that a business retains for long periods of time for use in the…
Q: How does a firm value an asset?
A: Assets means resources of the business that the business owns. It may be tangible assets or…
Q: What is an Acquisition costs?
A:
Q: How should goodwill be amortized?
A: Goodwill is an example of intangible assets which has no physical identity.
Q: Is the nature of the gainor loss considered ordinary or long-term?
A: Ordinary gain or loss means any income which doesn't result as Capital gain or loss. Capital Gain or…
Q: What amount of goodwill will be reported?
A: Consolidated balance sheet The financial position of a combination of two companies is represented…
Q: What is the amount of Goodwill
A: Goodwill/Gain on Bargain purchase: Purchase consideration/Investment Add: Non controlling Interest…
Q: Compute the goodwill (gain on bargain purchase).
A: The goodwill (gain on bargain purchase) is calculated as follows:Reference:
Q: Why does the so-called distressed property situation exist?
A: Distressed property refers to those which have value less than the market value. This situation…
Q: What is the goodwill arising from the acquisition?
A: A business combination occurs when an entity acquires control over an organization. Asset purchases…
Q: How much is the goodwill (gain on bargain ourchase)?
A: Calculation of Net Assets - Fair value: = Total Assets - Goodwill - Liabilities = P4,000,000 -…
Q: can goodwill be amoritized?
A: Goodwill: Goodwill is an intangible asset to the company. However, goodwill is recorded in the books…
Q: What is Indefinite life intangible assets?
A: Definition: Intangible assets: These are the long-term assets that are not physical in nature, but…
Q: What is goodwill?
A: Before acquiring a business, the vendor evaluates the business on various parameters. Goodwill is…
Q: Explain Depreciable Property?
A: Accordance with the IRS (internal revenue service) rule, any asset which is eligible for the…
Q: What would the result of Capitalizing the purchase cost over time?
A: Capitalized Cost: A type of expense that is added or included in the cost basis of a non-current…
Q: Explain what is goodwill?
A: Solution:- Introduction:- Goodwill is an intangible asset. Goodwill arises when a company looking…
Q: From an economic point of view, which activity is regarded as an undertaking to prevent a loss in…
A: Activities undertaken by a company can be divided in to two types. They are activities involving…
Q: What are the characteristics of an intangible asset?
A: Asset refers to any economic value resource for an individual, corporation or a country. It…
Q: which asset never depericate in value
A: The question is related to the Non-Depreciating Asset.
Q: Is profit an asset or liability?
A: profit or income are generally classified under assets.
Q: Explain Amortize Goodwill? Give an example?
A: Amortize Goodwill: Goodwill is an intangible asset amortization of goodwill means a reduction in the…
Q: What is intangible assets, and what is goodwill? definition?
A: Assets are the resources that are owned by the entity for using them in future and to generate…
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