CHƯƠNG 9 – INTANGIBLE ASSETS

Bài tập
 Trắc nghiệm

True-False (T-F)

Câu 1 F

All research phase and development phase costs are expensed as incurred.

Câu 2 F

Research phase costs are capitalized as an intangible asset once the project has economic
viability.

Câu 3 T

Companies are required to assess the estimated useful life and salvage value of intangible
assets at least annually.

Câu 4 F

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

Câu 5 F

Amortization of limited-life intangible assets should not be impacted by expected residual

values.
Câu 6 T

Some intangible assets are not required to be amortized every year.

Câu 7 T

Limited-life intangibles are amortized by systematic charges to expense over their useful life.

Câu 8 T

The cost of acquiring a customer list from another company is recorded as an intangible asset.

Câu 9 F

The cost of purchased patents should be amortized over the remaining legal life of the patent.

Câu 10 T

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.

Câu 11 T

In a business combination, a company assigns the cost, where possible, to the identifiable
tangible and intangible assets, with the remainder recorded as goodwill.

Câu 12 T

Internally generated goodwill should not be capitalized in the accounts.

Câu 13 F

Internally generated goodwill associated with a business may be recorded as an asset when a
firm offer to purchase that business unit has been received.

Câu 14 T

All intangibles are subject to periodic consideration of impairment with corresponding potential
write-downs.

Câu 15 T

If the recoverable amount of an indefinite-life intangible other than goodwill is less than its
carrying value, an impairment loss must be recognized.

Câu 16 T

After an impairment loss is recorded for a limited-life intangible asset, the recoverable amount
becomes the basis for the impaired asset and is used to calculate amortization in future
periods.

Câu 17 T

Accounting for impairments for limited-life intangible assets follows the same rules used to
account for impairments of plant and equipment.
Câu 18 F

Research and development costs that result in patents may be capitalized to the extent of the
fair value of the patent.

Câu 19 F

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

Câu 20 F

Research and development costs are recorded as an intangible asset if it is felt they will provide
economic benefits in future years.

Multiple Choice

Câu 1

Which of the following does not describe intangible assets?

a. They lack physical existence.
b. They are monetary assets.
c. They provide long-term benefits.
d. They are classified as long-term assets.
Câu 2

Which of the following characteristics do intangible assets possess?

a. Physical existence.
b. Claim to a specific amount of cash in the future.
c. Long-lived.
d. Held for resale.
Câu 3

Copyrights should be amortized over

a. their legal life.
b. the life of the creator plus fifty years.
c. twenty years.
d. their useful life or legal life, whichever is shorter.
Câu 4

A patent should be amortized over

a. twenty years.
b. its useful life.
c. its useful life or twenty years, whichever is longer.
d. its useful life or twenty years, whichever is shorter.
Câu 5

Limited-life intangibles are reported at

a. replacement cost.
b. carrying amount unless impaired.
 c. acquisition cost.
d. liquidation value.
Câu 6

Goodwill may be recorded when

a. it is identified within a company.
b. one company acquires another in a business combination.
c. the fair value of a company’s assets exceeds their cost.
d. a company has exceptional customer relations.
Câu 7

Purchased goodwill should

a. be written off as soon as possible against retained earnings.
b. be written off as soon as possible as an other expense item.
c. be written off by systematic charges as a regular operating expense over the period
benefited.
d. not be amortized.
Câu 8

Which of the following is not a criterion which must be met before development costs can be
capitalized?
a. The company has sufficient financial resources to complete the project.
b. The company intends to complete the project and either use or sell the intangible
asset.
c. The company can reliably identify the research costs incurred to bring the project to
economic feasibility.
d. The project has achieved technical feasibility.
Câu 9

Which of the following research and development related costs should be capitalized and
depreciated over current and future periods?
a. Research and development general laboratory building which can be put to
alternative uses in the future
b. Inventory used for a specific research project
c. Administrative salaries allocated to research and development
d. Research findings purchased from another company to aid a particular research
project currently in process
Câu 10

All of the following are true regarding recovery of impairments for intangible assets except
a. After a recovery of impairment has been recognized, the carrying value of the asset
reported on the statement of financial position will be the higher of the fair value less
cost to sell or the value-in-use.
b. No recovery of impairment is allowed for Goodwill.
c. A recovery of impairment will be reported in the "Other income and expense" section
of the income statement.
d. The amount of the recovery is limited to the carrying value of the asset that would
have been reported had no impairment occurred.