Câu Hỏi 1Hoàn thànhĐạt điểm 1,00 trên 1,00

Which of the following intangible assets should be shown as a separate item on the statement of
nancial position?

a. Franchise

b. Patent

c. Goodwill

d. Trademark

Câu Hỏi 2Hoàn thànhĐạt điểm 1,00 trên 1,00

If a new patent is acquired through modi cation of an existing patent, the remaining book value of the
original patent may be amortized over the life of the new patent.

a. True

b. False

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Câu Hỏi Hoàn thành Đạt điểm 1,00 trên
3 1,00

The intangible asset goodwill may be

a. capitalized only when purchased.

b. capitalized only when created internally.

c. written o directly to retained earnings.

d. capitalized either when purchased or created internally.

Câu Hỏi 4Hoàn thànhĐạt điểm 0,00 trên 1,00

According to IAS 38 Intangible assets, which of the following are intangible non-current assets in the
accounts of Ita Co? 1. A patent for a new glue purchased for $20,000 by Ita Co; 2. Development costs
capitalized in accordance with IAS 38; 3. A licence to broadcast a television series, purchased by Ita Co for
$150,000; 4. A state of the art factory purchased by Ita Co for $1.5 million.

Select one:

a. 2 and 4

b. 1, 2 and 3

c. 1 and 3

d. 2, 3 and 4

Câu Hỏi 5Hoàn thànhĐạt điểm 1,00 trên 1,00

IFRS requires that start-up costs and initial operating losses during the early years be capitalized.

a. False

b. True

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Câu Hỏi Hoàn thành Đạt điểm 1,00 trên
6 1,00

In January of 2013, Vega Corporation purchased a patent at a cost of $200,000. Legal and ling fees of
$50,000 were paid to acquire the patent. The company estimated a 10-year useful life for the patent and
uses the straight-line amortization method for all intangible assets. In 2016, Vega spent $40,000 in legal
fees for an unsuccessful defense of the patent. The amount charged to income (expense and loss) in 2016
related to the patent should be:

Select one:

a. $215,000.

b. $25,000.

c. $40,000.

d. $65,000.

Câu Hỏi 7Hoàn thànhĐạt điểm 1,00 trên 1,00

An exclusive 20-year right to manufacture a product or use a process is a:

Select one:

a. Franchise.

b. Trademark.

c. Copyright.

d. Patent.

Câu Hỏi 8Hoàn thànhĐạt điểm 1,00 trên 1,00

Depreciation, depletion, and amortization:

Select one:

a. All generally utilize the same methods of cost allocation.

b. All refer to the process of allocating the cost of long-term assets used in the business over future
periods.
c. All of the above are correct.

d. Are all handled the same in arriving at taxable income.

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Câu Hỏi Hoàn thành Đạt điểm 1,00 trên
9 1,00

Which of the following methods of amortization is normally used for intangible assets?

a. Straight-line

b. Sum-of-the-years'-digits

c. Double-declining-balance

d. Units of production

Câu Hỏi 10Hoàn thànhĐạt điểm 1,00 trên 1,00

The legal life of a patent is generally:

Select one:

a. Twenty years.

b. Inde nite.

c. Life of the inventor plus fty years.

d. Forty years.

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