What are a few examples of intangible assets? Why are research and development costs expensed as incurred rather than capitalized? Why are some intangible assets amortized and others are not?

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Sixta KovacekLv2

28 Sep 2019

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Related questions

1. Name three costs included in the capitalization ofland?

2. Name three costs that should not be treated asresearch and development.

3. What type of intangible assets is subject toamortization

4. What are three different methods ofamortization?

5. Under GAAP, internally generated intangible assetsmay not be capitalized. What are the principles for accounting forinternally generated intangible assets under IFRS?

purpleporcupine232

Please respond to one of the following topics.

TOPIC 1: On page 381 of our textbook there is an article aboutNike. In particular, Intangible Assets are discussed in the secondparagraph of the article. The textbook discusses Intangible Assetsin detail on pages 395-400. Think of a company such as Nike thatmight have Intangible Assets listed on its Balance Sheet. What isthe name of the company and what do you think are the intangibleassets that are owned by the company? Why are they considered to beintangible assets? Over what period of time do you think theintangible assets are being amortized and why?

TOPIC 2: What factors may contribute to the decline inusefulness of operating assets? Should the choice of depreciationmethod be related to these factors? Must a company choose just onemethod of depreciation for all assets? Explain

Volvo Group follows IAS 38âIntangible Assets, to account for itsresearch and development expenditures (see IAS 38 excerpts at theend of this case). As such, the company capitalizes certain R&Dcosts and expenses others. What factors does Volvo Group consideras it decides which R&D costs to capitalize and which toexpense?

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