Purchase priceNonrefundable value added taxTraining of personnel on the use of new trademarkResearch expenditures associated with thepurchase of the new trademarkLegal cost incurred to register the new trademarkAdministrative salaries1,000,00050,00070,000240,000105,000120,000What amouont should be reported as initial cost of thetrademark?1,000,000b. 1,155,000c. 1,465,000a.

Only those expenses which are directly associated with the registration of a new trademark either…

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trative salaries 105,000 120,000 What amouont should be reported as initial cost of the trademark? a. 1,000.000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter12: Capital Investment Analysis

Section: Chapter Questions

Problem 7DQ: A net present value analysis used to evaluate a proposed equipment acquisition indicated a 7,900 net...

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Please indicate the appropriate category of the following items: Question 23 options: Cost of equipment obtained under capital lease Land Goodwill acquired Music Copyrights The cost of developing a patent The cost of purchasing a patent Brand Names Research costs The cost of an annual update of payroll software Goodwill generated internally 1. Intangible Asset 2. Tangible Asset 3. Expense 4. Other (none of the above) 5. Not recorded on financial statements
What should be the carrying value of goodwill for reporting unit A at year - end? What should be the carrying value of goodwill for reporting unit D at year-end ? What impairment loss should reporting unit B report for the year?\table [[Reporting Unit, A, B, C, D Reporting Unit Carrying Value of reporting unit Goodwill included in carrying value Fair Value of net identifiable assets at year-end Fair Value of reporting unit at year-end G A $600,000 $60,000 $600,000 $590,000 B C $330,000 $520,000 $48,000 $40,000 $300,000 $500,000 $305,000 $585,000 D $380,000 $28,000 $375,000 $400,000
question 20 choose the correct answer from the choices
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Conceptual Question Identify whether or not each of the following items should be capitalized as intangible assets from the following list. Explain your reason with relevant accounting standard. Capitalised Not capitalized Employment costs of staff conducting research activiities Cost of constructing a working model of a new product License purchased to permit production and sale of a product for ten years
Conceptual Question Identify whether or not each of the following items should be capitalized as intangible assets from the following list. Explain your reason with relevant accounting standard. Capitalised Not capitalized Employment costs of staff conducting research activities Cost of constructing a working model of a new product License purchased to permit production and sale of a product for ten years
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Fair value of plan assets 6,000,000 9,000,000Projected benefit obligation 4,500,000 5,000,000Prepaid/accrued benefit cost – surplus 1,500,000 4,000,000Asset ceiling 1,000,000 2,500,000Effect of asset ceiling 500,000 1,500,000During the year, the entity recognized current service cost P2,000,000, actual return on plan assets P400,000,and contribution to the plan P4,550,000 and benefits paid P1,950,000. The discount rate is 10%REQUIRED:6. Compute the employee benefit expense for the current year7. Compute the net remeasurement loss for the current year8. Compute the defined benefit cost9. Compute the amount of prepaid benefit cost that should be reported on December 31
Acquisition and retirements Capital lease Goodwill Net income Ownership Property tax Repairs and maintenance Retirement work order Revenue Subsidiary ledger Working papers
1. What is the carrying amount of the biological assets on December 31? а. 3,160,000 b. 2,350,000 c. 2,800,000 d. 2,380,000 What amount should be reported as gain from change in fair value attributable to price change? a. 810,000 b. 450,000 c. 360,000 d. 0. 3. What amount should be reported as gain from change in fair value attributable to physical change? а. 810,000 b. 450,000 c. 360,000 d. 700,000
Problem 32-20 (IAA) Royal Company purchased a new trademark and incurred the following costs: 1,000,000 50,000 70,000 Purchase price Nonrefundable value added tax Training of personnel on the use of new trademark Research expenditures associated with the purchase of the new trademark Legal cost incurred to register the new trademark Administrative salaries 240,000 105,000 120,000 What is the initial cost of the trademark? a. 1,000,000 b. 1,155,000 C. 1,465,000 d. 1,585,000
Question 27 of 34 Consider the following Purchase Price Allocation schedule for this same M&A deal: Purchase Price Allocation: Goodwill Calculation: Equity Purchase Price: (-) Seller Book Value: (+) Write-Off of Existing Goodwill: Total Allocable Purchase Premium: (-) Write-Up of PP&E: (-) Write-Up of Intangibles: (-) Write-Down of Deferred Tax Liabilities: (+) New Deferred Tax Liability: Total Goodwill Created: A B C D $1,020. $1,005. $980. $ 2,000.0 (500.0) 100.0 $1,125. (40.0) Fixed Asset Write-Up: PP&E Write-Up %: PP&E Write-Up Amount: Depreciation Period (Years): Intangible Asset Write-Up: Purchase Price to Allocate: % Allocated to Indefinite-Lived Intangibles: Indefinite-Lived Intangibles: Based on this schedule above, please calculate the Goodwill created in this deal. Assume a 25% tax rate. % Allocated to Definite-Lived Intangibles: Intangibles Write-Up Amount: Amortization Period (Years): New Deferred Tax Liability: 10.0% $ 20.0 8 30.0% 5.0% 5