Discuss the intangible asset has been treated correctly

Assignment Help Accounting Basics
Reference no: EM132581548

Point 1: H has its own mini video production at the campus. As a result, it has material intangible asset (intellectual property) which is associated to content rights for the short videos produced. H estimated its production cost based on the estimated future advertising revenues for the videos.

Point 2: Currently, H amortises the content rights based on the estimated future advertising revenues derived from the videos. For example, if a video is expected to earn total advertising revenues of RM2,000, and RM1,000 will be generated during 1st year, then the intangible asset will be amortised by 50% in year 1.

Question 1: Discuss whether the intangible asset has been treated correctly according to IAS38.

Reference no: EM132581548

Questions Cloud

Describe the parameter of interest : In a survey of 1430 randomly selected college students, 1087 reported that they have at least one credit card.
What documents the receiving report should be reconciled to : Why is it important to periodically a physical inventory when using the perpetual inventory system? the receiving report should be reconciled to what documents?
Define the parameter of interest : The average weight of 40 randomly selected minivans is 4150 pounds. The standard deviation of all minivans is 480 pounds.
Probability of canadians shop online : What is the probability that more than 72% but less than 81% of Canadians shop online in this sample? Make sure you check the required condition
Discuss the intangible asset has been treated correctly : Discuss whether the intangible asset has been treated correctly according to IAS38. H has its own mini video production at the campus.
Tabulate the probability distributions : A fair dice is rolled once. If the score is 3 or more, then the 'outcome' X is the score. If the score is 1 or 2, then the dice has to be rolled
How number consists of four different digits : A: The number does not contain digit 6. B: The number consists of four different digits. C: The number begins with digit 3.
What is the carrying value of interest-bearing notes : What The carrying value of interest-bearing and non-interest-bearing notes can be all of the following except? face value plus a premium
What is the probability of each of the possible outcomes : The distribution of blood types in the United States is as follows, where positive and negative refer to the Rhesus (Rh) factor:

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.

  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!

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