What is an intangible asset

Assignment Help Finance Basics

Reference no: EM131819953

Question: 1. What is an intangible asset? Provide some examples.

2. What is the process by which businesses spread the allocation of an intangible asset's cost over its useful life?

3. What is goodwill? Is goodwill amortized? What happens if the value of goodwill has decreased at the end of the year?

4. What does the asset turnover ratio measure, and how is it calculated?

5. What does it mean if an exchange of plant assets has commercial substance? Are gains and losses recorded on the books because of the exchange?

Reference no: EM131819953

Questions Cloud

Settlement of prior years litigation against the company : Sale of a significant portion of the company's assets

What are the investment payback period : What are the investment's payback period, IRR, and NPV, assuming the firm's WACC is 10%

Future value-annuity versus annuity due : FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE-What's the future value of a 5%, 5 -year ordinary annuity that pays $800 each year?

Calculate the total cost for the ninety day promissory note : James want to buy flat screen television for his new apartment. Calculate the total cost (principal plus interest) for the 90-day promissory note from the bank?

What is an intangible asset : What does it mean if an exchange of plant assets has commercial substance? Are gains and losses recorded on the books because of the exchange?

Reproductive biology of the aquatic salamander amphiuma : In the article "Reproductive Biology of the Aquatic Salamander Amphiuma tridactylum in Louisiana" (Journal of Herpetology [1999]: 100-105)

Record the journal entry for purchase of the land : Determining the cost of an asset Alton Clothing purchased land, paying $88,000 cash plus a $250,000 note payable.

What are the tax savings from making the election : Using property she inherited, Myrna makes a gift of $6.2 million to her adult daughter, Doris. What are the tax savings from making the election

Combines the risk-free asset and the market portfolio : A portfolio that combines the risk-free asset and the market portfolio has an expected return of 6.8 percent and a standard deviation of 9.8 percent.

User Account

All Pages