INTANGIBLE ASSETS
INTERNALLY GENERATED
INITIAL MEASUREMENT: COST
A. SEPARATE ACQUISITION-
a. binili mo yung asset seperately,
ang asset ay identifiable which
is seperable ang payment mo ay
“cash payment” if there is
directly attributable cost you
have to add
B. ACQUISITION AS PART OF BUSINESS
COMBINATION
a. may entity a at may entity b
nagsama may matitirang isa, sa
pagbili ng entity b may
kasamang asset-FAIR VALUE OF
INTANGIBLE ASSET
C. ACQUISITION BY WAY OF
GOVERNMENT GRANT
a. Gobyerno kausap mo tulad ng
liscenses, tulad ng ABSCBN.
Tulad ng liscence mo bawal ka
mamasada pag di nakalisensya
sasakyan mo
1. FAIR VALUE
2. ZERO OR NOMINAL VALUE +
DIRECTLY ATTRIBUTABLE COSTS
D. ACQUISITION BY EXCHANGE
1. WITH COMMERCIAL SUBSTANCE
Yung nileletgo mo ay iba ang
kayang ibigay ang commercial value
sa matatanggap mo
A. FMV OF ASSET GIVEN UP
B. FMV OF ASSET RECEIVED
C. CARRYING AMT. OF ASSET
GIVEN UP
2. WITHOUT COMMERCIAL
SUBSTANCE
A. CARRYING AMT. OF ASSET
GIVEN UP
FOR BOTH
REFERENCES: VALIX BOOK
+CASH PAID
-CASH RECEIVED
E.
a. You create you produce
Add directly attributable cost
parang nagcocostruct ka ng
property kahit di siya nakikita
tulad ng mga registrations,
yung mga tao na magaasikaso
or tulad ng mga ibang
intangible assets
SUBSEQUENT EXPENDITURE
a. Generally, treated as an expense
Kaya ka nagkakaadditional expense for
you to maintain your business,
halimbawa patent magrerenew yearly ,
expense
b. Capitalized if it can “enhance” the
intangible asset
Kung mas mapapaganda pa ang asset
Asset will capitalized if:
a. If it can increase the capacity
b. If it can increase the efficiency or
safety of the asset
c. Or extend the life of the asset
DERECOGNITION
A. On disposal-pag binenta mo na
B. When no economic benefits are
expected from use and disposal of
the asset.-for example ginamit mo
na after 10 years you have to
derecognized
- Pwede ka pa rin mag ka gain or
loss- when there is derecognition
there can be gain or loss
- Trademark, customer list. Mass list
–di siya capitalized
SIR WIN ACCOUNTING LECTURES