Reference no: EM132928766
Information concerning SMC Corporation's intangible assets is as follows.
i. SMC incurred Tk 650,000 of experimental and development costs in its laboratory to develop a patent that was granted on January 1, 2018. Legal fees and other costs associated with registration of the patent totaled Tk 17,600. SMC estimates that the useful life of the patent will be 8 years. The patent has yet to achieve economic viability.
ii. A new technology was purchased from Unesco Company for Tk 360,000 on July 1, 2018 and received a discount of Tk 15,000. Expenditures for successful litigation in defense of the technology totaling Tk 50,200 were paid on July 5, 2018. In addition, staff training incurred in operating the new process is Tk 80,000. SMC estimates that the useful life of the technology will be 20 years from the date of acquisition.
Required:
Problem a. Prepare schedule showing the intangible assets section of SMC's statement of financial position at December 31, 2018 according to IAS-38. Show supporting computations and give explanations for individual case.
Problem b. Prepare schedule showing all expenses resulting from the transactions that would appear on SMC's income statement for the year ended December 31, 2018 according to IAS-38. Show supporting computations and give explanations for individual case.
|
Will expect a different rate of return from using npv
: Net present value, As a finance leader, which technique will you prefer to use? Will you expect a different rate of return from using NPV or IRR?
|
|
Apply analytical methods to summarize some of target models
: Discussion about findings including any models and Visualizations to support the findings and Data Analysis Findings
|
|
Prepare journal entries to record transactions of honda comp
: Prepare the journal entries to record the above transactions. Honda Company has two classes of share capital outstanding: 7%, Tk 200 par preference.
|
|
Define the characteristics of persona
: Define the characteristics of persona, features, scenarios, and user stories. ALSO, identify the transition sequence between persona and features.
|
|
Prepare schedule showing intangible assets section of smc
: Prepare schedule showing the intangible assets section of SMC's statement of financial position at December 31, 2018 according to IAS-38.
|
|
Database Design Diagram
: Use any drawing package or any other application you know such as Visio, Word, PowerPoint, or another tool to create the Database Design Diagram.
|
|
What is the value of the loom
: What is the value of the loom? A loom is expected to produce regular annual cash flows of $15,000 with the first regular cash flow
|
|
What is the payment expected to be in three months
: The interest rate on the loan is 2.92 percent per quarter. What is the payment expected to be in 3 months? Round your answer to the nearest cent
|
|
Security disadvantages of cloud-based solutions
: List the security advantages of cloud-based solutions. List the security disadvantages of cloud-based solutions.
|