User Account

All Pages

Determine the amount of impairment loss

Assignment Help Accounting Basics
Reference no: EM133182489

Question - Intangible Assets In 2014, SaulGroup acquired a brand with a fair value of $100,000. The brand is classified as an intangible asset with an indefinite life. At the end of 2016, the estimated selling price of the brand is $80,000 with zero selling cost. Expected future cash flows from continued used of the brand are $120,000, and the present value of the expected future cash flows is $70,000.

Required -

a. Determine the amount of impairment loss, if any, to be recognized in the year 2016 under (1) IFRS and (2) U.S. GAAP.

b. How would you explain the difference in income, total assets, and total stockholders?

Reference no: EM133182489

Questions Cloud

Compute the cash payback period : Wild-horse Company is considering a capital investment of $203,500 in additional productive facilities. Compute the cash payback period
Prepare the journal entry that amy would make : The land has a book value of P2,000,000 and a fair value of P2,500,000. Prepare the journal entry that Amy would make for the debt restructuring
Interviewing and evaluating candidates : 1. Describe the selection plan that you would use for your Panel's assigned job posting on Taleo. Identify the specific selection methods/tools with rationale
Experiencing high turnover of its employees : By-the-Bay Distributors Ltd seemed to be experiencing high turnover of its employees. Specialists and supervisor turnover rate was about 25% and among hourly em
Determine the amount of impairment loss : Determine the amount of impairment loss, if any, to be recognized in the year 2016 under (1) IFRS and (2) U.S. GAAP
How does hrm support mature-age employees : 1) How does HRM support mature-age employees?
Identify a dominant discourse embedded : 1) Identify a dominant discourse embedded within the article and identify a dominant ideology that is connected to the dominant discourse.
Focus on legal issues of including race and religion : Focus on the legal issues of including race, religion, and other protected classes in your hiring decisions.
Entering global markets and managing global operations : Specifically how this relates to Entering Global Markets and Managing Global Operations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd