Chapter 12 Solutions
CHAPTER 12
Intangible Assets
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics
Questions
1.
Intangible assets; concepts, definitions; items comprising intangible assets.
1, 2, 3, 4, 5, 6,
7, 8, 9, 10, 11,
12, 13, 14
2.
Patents; franchise; organization costs; trade name.
9, 10, 13,
14, 25
3.
Goodwill.
4.
5.
Brief
Exercises
Exercises
Concepts
Problems for Analysis
1, 2, 3,
5, 6
1, 2, 3, 4
1, 2, 3
1, 2, 3, 4, 5,
7, 12, 13
4, 5, 6, 7,
8, 9, 10,
11, 13
1, 2, 3,
4, 6
1, 2
12, 13, 14, 18
6, 8
6, 12, 13,
15
5, 6
Impairment of intangibles. 15, 16, 17, 18
7, 8, 9
14, 15
6
Research and development costs and similar costs.
19, 20, 21,
22, 23, 24
10, 11, 12
16, 17
1, 2, 3
*6. Computer software costs. 26, 27, 28
14
18, 19
*This material is covered in an Appendix to the chapter.
12-1
4, 5
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Brief
Exercises
Learning Objectives
Exercises
Problems
1.
Describe the characteristics of intangible assets.
2.
Identify the costs to include in the initial valuation of intangible assets.
1, 2, 3, 5
5, 7, 9,
10, 11
1, 2, 3, 6
3.
Explain the procedure for amortizing intangible assets. 1, 2, 3, 5,
12, 13
4, 5, 6, 7, 9,
10, 11, 13
1, 2, 3, 6
4.
List the types of intangible assets.
1, 2, 3
5.
Explain the conceptual issues related to goodwill.
12, 13
5
6.
Describe the accounting procedures for recording goodwill. 6
12, 13, 15
5, 6
7.
Explain the accounting issues related to intangibleasset impairments.
7, 8, 9
14, 15
5, 6
8.
Identify the conceptual issues related to research and development costs.
9.
Describe the accounting procedures for research and development and similar costs.
4, 10, 11, 12
6, 8, 16, 17
4
Indicate the presentation of intangible assets
and
Intangible Assets
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics
Questions
1.
Intangible assets; concepts, definitions; items comprising intangible assets.
1, 2, 3, 4, 5, 6,
7, 8, 9, 10, 11,
12, 13, 14
2.
Patents; franchise; organization costs; trade name.
9, 10, 13,
14, 25
3.
Goodwill.
4.
5.
Brief
Exercises
Exercises
Concepts
Problems for Analysis
1, 2, 3,
5, 6
1, 2, 3, 4
1, 2, 3
1, 2, 3, 4, 5,
7, 12, 13
4, 5, 6, 7,
8, 9, 10,
11, 13
1, 2, 3,
4, 6
1, 2
12, 13, 14, 18
6, 8
6, 12, 13,
15
5, 6
Impairment of intangibles. 15, 16, 17, 18
7, 8, 9
14, 15
6
Research and development costs and similar costs.
19, 20, 21,
22, 23, 24
10, 11, 12
16, 17
1, 2, 3
*6. Computer software costs. 26, 27, 28
14
18, 19
*This material is covered in an Appendix to the chapter.
12-1
4, 5
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Brief
Exercises
Learning Objectives
Exercises
Problems
1.
Describe the characteristics of intangible assets.
2.
Identify the costs to include in the initial valuation of intangible assets.
1, 2, 3, 5
5, 7, 9,
10, 11
1, 2, 3, 6
3.
Explain the procedure for amortizing intangible assets. 1, 2, 3, 5,
12, 13
4, 5, 6, 7, 9,
10, 11, 13
1, 2, 3, 6
4.
List the types of intangible assets.
1, 2, 3
5.
Explain the conceptual issues related to goodwill.
12, 13
5
6.
Describe the accounting procedures for recording goodwill. 6
12, 13, 15
5, 6
7.
Explain the accounting issues related to intangibleasset impairments.
7, 8, 9
14, 15
5, 6
8.
Identify the conceptual issues related to research and development costs.
9.
Describe the accounting procedures for research and development and similar costs.
4, 10, 11, 12
6, 8, 16, 17
4
Indicate the presentation of intangible assets
and