-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Segregating Tangible Assets and Intangible Assets And Their Reflection in Financial Statements
Question
Presented below is a list of items that could be included in the intangible assets section of the balance sheet.
1. Investment in a subsidiary company.
2. Timberland.
3. Cost of engineering activity required to advance the design of a product to the manufacturing stage.
4. Lease prepayment (6 months' rent paid in advance).
5. Cost of equipment obtained.
6. Cost of searching for applications of new research findings.
7. Costs incurred in the formation of a corporation.
8. Operating losses incurred in the start-up of a business.
9. Training costs incurred in start-up of new operation.
10. Purchase cost of a franchise.
11. Goodwill generated internally.
12. Cost of testing in search for product alternatives.
13, Goodwill acquired in the purchase of a business.
14. Cost of developing a patent.
15. Cost of purchasing a patent from an inventor.
16. Legal costs incurred in securing a patent.
17. Unrecovered costs of a successful legal suit to protect the patent.
18. Cost of conceptual formulation of possible product alternatives.
19. Cost of purchasing a copyright.
20. Research and development costs.
21. Long-term receivables.
22. Cost of developing a trademark.
23. Cost of purchasing a trademark.
Instructions
(a) Indicate which items on the list above would generally be reported as intangible assets in the balance sheet.
(b) Indicate how, if at all, the items not reportable as intangible assets would be reported in the financial statements.
Summary
The question belongs to Accounting and it is about selecting from a list of items which are intangible assets and which are not intangible assets in financial statements.
Total Word Count 188
WHAT OUR STUDENTS SAY
My professor had mandated that the class had to use legal case studies from the Dunedin area to support our argument for the criminal law assignment essay topic. Since the research would take hours out of my already packed schedule I contacted HwA for help. They paired me with a law assignment expert who was herself practicing in Dunedin and what can I say, my assignment had some of the best case studies in the class.
Simon Hales Student
I wanted to do a engineering dissertation on data structure but was confused on how to identify a topic and write a report. The engineering thesis and dissertation advisors here at TheReliableTutor had an online live session with me and after understanding my requirements they came up with three suggested Research Proposal Writing topics
Sam Essex Student
My main concern was the relevant local Wellington research and reference work that was required for the final Statistics Assignment for my post graduate program at the Victoria University of Wellington. My professor was very particular about his requirement of relevant local data and samples from Wellington. With the stats assignment expert at TheReliableTutor I did not have to worry about that since the expert provided the most excellent and relevant local data and references helping me to top the class.
Shae MacMillan Student
I used to have nightmares about my C++ and Java programming assignments. I never could ever wrap my head around the object oriented programming languages till I came across HwA. Their programming tutors by far the best in the industry and they helped me get excellent scores.
Penny Martin Student
Writing Algorithm is not an easy job! Especially for a third semester student! I was really lost and was not sure about what exactly to do. I was seriously thinking of quitting the course and returning home when I came across TheReliableTutor.com. Since then it is a wonderful experience. Not only that I know the difference between a Java code and MSQL one but also I got good grades and things are looking very positive."
Michel Obi Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.