INTANGIBLE ASSET-an identifiable nonmonetary MEASUREMENT

asset without physical substance

-kaya mong identify Initially: COST COST MODEL
-walang contractual right to receive cash Subsequently:REVALUATION MODEL
-hindi siya mo siya nakikita pero nageexist
ESSENTIAL CRITERIA CLASSIFICATION
1. Identifiable-it is separable, you can 1. INTANGIBLE ASSET WITH DEFINITE LIFE
identify, it can be solve, it can transfer -may hangganan
to another -legal right or contractual right natapos
2. Control-you can enjoy the asset, and na
you can prevent others to enjoy the -pero may competitive advantage
asset -subsequent-unti unting uubusin which
3. Future economic benefits-gives benefit is called amortization
to you, it can be income, revenue or 2. INTANGIBLE ASSET WITH INDEFINITE
cost savings. LIFE
IDENTIFIABLE INTANGIBLE ASSETS -subsequent
A. PATENT -MAGKANO ANG ORIG COST YUNG PA
B. COPYRIGHT RIN PAGTAGGAL, IF REVALUATION
C. FRANCHISE YUNG FAIR VALUE .
D. TRADEMARK/BRANDNAME
E. CUSTOMER LIST AMORTIZATION-incorporial property like a/r di
F. COMPUTER SOFTWARE nakikita
G. BROADCASTING LISCENCE, AIRTIME -is the systematic allocation of the amortizable
RIGHT, AND FISHING RIGHT amount of an intangible asset over its useful
UNIDENTIFIABLE INTANGIBLE ASSET life.
A. GOODWILL Useful life-legal life, service life
-Determine yung pnakamagandang pattern if
wala used straight line, maaari din magkaroon
ng salvage value if halimbawa may salvage
value.
-Pwede ba magkaroon ng change in useful life
or process? YES. CURRENTLY AND
PROSPECTIVELY
-IF IMPAIRED MAY IMPAIRMENT LOSS