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Intangible Assets 1

The document outlines the initial measurement and subsequent expenditure related to intangible assets, including separate acquisition, business combinations, government grants, and exchanges. It emphasizes the importance of directly attributable costs and fair value assessments in these transactions. Additionally, it discusses derecognition of assets when they are disposed of or no longer provide economic benefits.

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Lea Machado
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48 views1 page

Intangible Assets 1

The document outlines the initial measurement and subsequent expenditure related to intangible assets, including separate acquisition, business combinations, government grants, and exchanges. It emphasizes the importance of directly attributable costs and fair value assessments in these transactions. Additionally, it discusses derecognition of assets when they are disposed of or no longer provide economic benefits.

Uploaded by

Lea Machado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

INTANGIBLE ASSETS E.

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

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