Questão 1
Questão
How are intangible assets normally defined?
Questão 2
Questão
Which of the following does not belong with the others?
Responda
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Patent
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Copyright
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Goodwill
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Trademark
Questão 3
Questão
Internal expenditure related to the development of which of the following intangible assets can be capitalised rather than expensed?
Responda
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Goodwill
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Patents
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Brand names
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R&D
Questão 4
Questão
Which of the following factors would you not associate with goodwill?
Responda
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Loyal customers
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Established reputation
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Quality employees
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Location
Questão 5
Questão
Complete the definition of an intangible asset:'an __________ non-__________ asset without __________ substance'.
Responda
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unidentifiable; current; tangible
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identifiable; physical; real
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identifiable; monetary; physical
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None of the above
Questão 6
Questão
To be classified as an 'identifiable intangible' requires the asset to be separable. Separable means being capable of being separated or divided and being sold. Apart from sale, a number of other possibilities are listed in the standard. Which of the following is not one of these?
Responda
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Leased
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Transferred
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Licensed
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Rented
Questão 7
Questão
AASB 138 requires 'separable' intangible assets to be recognised in the balance sheet. Complete the following definition of 'separable': 'Separable means that the organisation could ________, sell, exchange or distribute the specific future economic benefits attributable to the asset without also ________ future economic benefits that ______ from other assets used in the same revenue-earning activity.'
Responda
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hire; realising the; arise
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rent; disposing of; flow
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lease; recognising the; are derived
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appropriate; accounting for the; emanate
Questão 8
Questão
The formation or start-up costs of an organisation would not be shown as an asset under the new accounting standard based on what grounds?
Responda
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Failure to meet the 'separable' test
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The absence of control
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The lack of a reliable measurement
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On the grounds that the future economic benefits will probably not arise
Questão 9
Questão
In terms of the life of intangible assets, they are classified as either having a finite or an __________ life. What is the missing term?
Responda
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Infinite
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Indefinite
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Extended
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Unlimited
Questão 10
Questão
For intangible assets, they may be recognised only where there is an 'associated' cost. Which of the following would not normally be considered an 'associated' cost?