Reference no: EM132752988
Problem 1) The three main characteristics of intangible assets are
Option 1: identifiability, non-physical existence, and nonmonetary nature.
Option 2: identifiability, physical existence, and separability.
Option 3: separability, identifiability, and nonmonetary nature.
Option 4: physical existence, nonmonetary nature, and identifiability.
Problem 2) Development costs may be capitalized if
Option 1: the resulting product or service is technically feasible.
Option 2: the entity has sufficient resources to complete the project.
Option 3: all of these (all of these criteria, in addition to others, must be met in order for development costs to be capitalized).
Option 4: the entity intends to use or sell the resulting product or service.
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Prepare any necessary adjusting journal entries at december
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Which is an example of a limited-life intangible asset
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Determine amount of depreciation for first and second years
: A storage tank acquired at the beginning of the fiscal year at a cost of $90,000. Determine amount of depreciation for first and second years
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Diversity and hofstede cultural dimensions
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What three main characteristics of intangible assets are
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Determine the depreciation for each of the first two years
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Any existing project
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Determine the depreciation for the month
: A diesel-powered tractor with a cost of $120,000. During April, the tractor was operated 150 hours. Determine the depreciation for the month
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What is the amount of the annual depreciation computed
: An estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed
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