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ACC210 Financial Accounting: Week 4, Intangibles, Definitions
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- 1Active MarketA market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
- 2AmortisationThe systematic allocation of of the depreciable amount of an intangible asset over its useful life.
- 3CostThe amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its acquisition or construction.
- 4Depreciable AmountThe cost of an asset, or other amount substituted for cost, less its residual value.
- 5DevelopmentThe application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, products, or processes.
- 6Fair ValueThe price that would be received to sell an asset or paid to transfer a liability in a orderly transaction between market participants at the measurement date.
- 7Intangible AssetAn identifiable non-monetary asset without physical substance.
- 8Monetary AssetsMoney held and assets to be recieved in fixed or determinable amounts of money.
- 9ResearchOriginal and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding.
- 10Residual ValueThe estimated amount that an entity would currently obtain from the disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
- 11Useful LifeThe period over which an asset is expected to be available for use by an entity; or the number of production or similar units expected to be obtained from the asset by an entity.
Informationen
- Beschreibung
- Financial Reporting 1st ed., Chapter 6 Intangibles
- Erstellt von
- Luke Hodges
- Aufrufe
- 42
- Bewertung