Chapter 12, Problem 2UJ

To determine

(a)

(1)

To determine the amounts for intangible assets that were reported in their respective balance sheets by CC Co. and P. Co.

To determine

(2)

To determine the percentage of total assets is each of these reported amounts.

To determine

(3)

To determine the change in the amount of intangibles from 2013 to 2014 for CC Co. and P. Co.

To determine

(b)

(1)

To determine the basis and time periods CC Co and P Co amortize their intangible assets.

To determine

(2)

To determine the amounts of accumulated amortization reported by CC Co. and P.Co. at the end of 2013 and 2014.

To determine

(3)

To determine the composition of the identifiable and unidentifiable intangible assets reported by CC Co. and P. Co. at the end of 2014.