Uyên 31201021146 - Nguyễn Thị Thảo 

Nhà của tôi  Các khoá học của tôi  KTQT1 (S5-N2.307)  Test  TOPIC 5: INGTANGIBLE ASSET

Bắt đầu vào lúc Thứ tư, 26 Tháng 10 2022, 9:28 AM

Trạng thái Đã xong
Kết thúc lúc Thứ tư, 26 Tháng 10 2022, 9:52 AM
Thời gian thực hiện 23 phút 34 giây
Điểm 8,00 trên 10,00 (80%)

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

The legal life of a patent is generally: 

Select one:
a. Life of the inventor plus fifty years.
b. Forty years.
c. Indefinite.
d. Twenty years.

The correct answer is: Twenty years.

Câu Hỏi 2 Hoàn thành Đạt điểm 1,00 trên 1,00

Short Corporation purchased Hathaway Co. for $52,000,000. The fair value of all Hathaway's identifiable
tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum
number of years allowed. What is the annual amortization of goodwill for this acquisition?

Select one:
a. $200,000.
b. $100,000.
c. $400,000.
d. 0.

The correct answer is: 0.

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

Impairment testing is conducted annually for both limited–life and indefinite-life intangible assets.

a. False
b. True

The correct answer is: False

Câu Hỏi 4 Hoàn thành Đạt điểm 1,00 trên 1,00

Which of the following does not describe intangible assets?

a. They lack physical existence.

b. They provide long-term benefits.
c. They are classified as long-term assets.
d. They are monetary assets.

The correct answer is: They are monetary assets.

Câu Hỏi 5 Hoàn thành Đạt điểm 1,00 trên 1,00

According to IAS 38 Intangible assets, which of the following statements about research and
development expenditure are correct? 1.Research expenditure, other than capital expenditure on
research facilties, should be recognised as an expense as incurred; 2.In deciding whether development
expenditure qualifies to be regconised as an asset, it is necessary to consider whether there will be
adequate finance available to complete the project; 3.Development expenditure regconised as an asset
must be amortised over a period not exceeding five years.

Select one:
a. 2, 3
b. 1, 2, 3
c. 1,3
d. 1, 2

The correct answer is: 1, 2

Câu Hỏi 6 Hoàn thành Đạt điểm 0,00 trên 1,00

Which of the following costs should be capitalized in the year incurred?

a. Development costs.
b. Costs to internally generate goodwill.
c. Costs to successfully defend a patent.
d. Organizational costs.

The correct answer is: Development costs.

Câu Hỏi 7 Hoàn thành Đạt điểm 1,00 trên 1,00

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

a. Patent
b. Franchise
c. Goodwill
d. Trademark

The correct answer is: Goodwill

Câu Hỏi 8 Hoàn thành Đạt điểm 1,00 trên 1,00

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

a. Double-declining-balance
b. Straight-line
c. Units of production
d. Sum-of-the-years'-digits

The correct answer is: Straight-line

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

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

a. False
b. True

The correct answer is: True

Câu Hỏi 10 Hoàn thành Đạt điểm 0,00 trên 1,00

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

a. True
b. False

The correct answer is: False

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TOPIC 4: INVESTMENT PROPERTY ►