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CH 12 Final Study
Intangible assets
4
Accounting
Undergraduate 3
12/10/2016
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Term
When calculating goodwill on aqwasition of a company
 Definition

What is paid

-

(Balance sheet) Fair value of assets + increase in fair value of land- liabilities 

 
Term
Impairmanet assessment
 Definition

Carrying value of net assets (including goodwill) >

fair value no impairment
Term
Strat up costs
 Definition
Expense when incurred
Term
Costs during the research phase are
 Definition
Always expensed (not capitalized) under GAAP and IFRS
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