中级财务会计(英文)课件Chapter 9 Intangibles
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Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 4. Internally Developed Unidentifiable Intangibles. A company expenses the costs of internally developed unidentifiable intangibles as incurred even thought they may be expected to have benefits extending beyond the current period.
Capitalize certain costs incurred for an intangible asset with an infinite life and amortize over its useful life
Unidentifiable
Expense costs as incurred
Intermediate Accounting 9 Intangibles
Classification of Intangibles
Capitalize the cost incurred to acquire an intangible assets with a finite life and amortize over its useful life.
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 1. Purchased Identifiable Intangibles. A company may purchase an intangible asset from another company. The purchase is handled in the same manner as the acquisition of a single asset, in a group of assets, or in an exchange of similar or dissimilar assets.
9 Intangibles
wk.baidu.com
I
ntermediate Accounting
中级会计学
Accounting School ·Zhongnan University of Economics & Law
Intermediate Accounting 9 Intangibles
1. Accounting for Intangibles
Capitalize the cost incurred to acquire goodwill and review it for impairment at least annually.
Identifiable Purchased
Unidentifiable (i.e., goodwill)
Intermediate Accounting 9 Intangibles
continued
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 2. Purchased Unidentifiable Intangibles. A company capitalizes the cost of a purchased unidentifiable intangible asset. The principal example of an unidentifiable intangible is goodwill.
Characteristics that Distinguish Intangibles
• There is generally a higher degree of uncertainty regarding the future benefits that may be derived. • Their value is subject to wider fluctuations because it may depend to a considerable extent on competitive conditions. • They may have value only to a particular company. • Goodwill and intangible assets with indefinite lives are not expensed.
continued
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows:
3. Internally Developed Identifiable Intangibles. When a company internally develops an intangible assets, it can capitalize only certain costs. The expensing of research and development costs represents an exception to the general rule of capitalizing of internally developed identifiable intangibles.
Classification of Intangibles
Expense research and development costs as incurred
Identifiable Internally Developed
Capitalize certain costs incurred for an intangible asset with a finite life and amortize over its useful life
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 4. Internally Developed Unidentifiable Intangibles. A company expenses the costs of internally developed unidentifiable intangibles as incurred even thought they may be expected to have benefits extending beyond the current period.
Capitalize certain costs incurred for an intangible asset with an infinite life and amortize over its useful life
Unidentifiable
Expense costs as incurred
Intermediate Accounting 9 Intangibles
Classification of Intangibles
Capitalize the cost incurred to acquire an intangible assets with a finite life and amortize over its useful life.
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 1. Purchased Identifiable Intangibles. A company may purchase an intangible asset from another company. The purchase is handled in the same manner as the acquisition of a single asset, in a group of assets, or in an exchange of similar or dissimilar assets.
9 Intangibles
wk.baidu.com
I
ntermediate Accounting
中级会计学
Accounting School ·Zhongnan University of Economics & Law
Intermediate Accounting 9 Intangibles
1. Accounting for Intangibles
Capitalize the cost incurred to acquire goodwill and review it for impairment at least annually.
Identifiable Purchased
Unidentifiable (i.e., goodwill)
Intermediate Accounting 9 Intangibles
continued
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows: 2. Purchased Unidentifiable Intangibles. A company capitalizes the cost of a purchased unidentifiable intangible asset. The principal example of an unidentifiable intangible is goodwill.
Characteristics that Distinguish Intangibles
• There is generally a higher degree of uncertainty regarding the future benefits that may be derived. • Their value is subject to wider fluctuations because it may depend to a considerable extent on competitive conditions. • They may have value only to a particular company. • Goodwill and intangible assets with indefinite lives are not expensed.
continued
Intermediate Accounting 9 Intangibles
Accounting for the cost of intangibles is discussed in FASB Statement No. 142 as follows:
3. Internally Developed Identifiable Intangibles. When a company internally develops an intangible assets, it can capitalize only certain costs. The expensing of research and development costs represents an exception to the general rule of capitalizing of internally developed identifiable intangibles.
Classification of Intangibles
Expense research and development costs as incurred
Identifiable Internally Developed
Capitalize certain costs incurred for an intangible asset with a finite life and amortize over its useful life