上财CGA班中级财务会计FA2PS1课件Ch12ifrs.ppt

Intangible Asset Issues Intangible Asset Issues Intangible Asset Issues Intangible Asset Issues Intangible Asset Issues Intangible Asset Issues Intangible Asset Issues Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Types of Intangibles Recording Goodwill Recording Goodwill Recording Goodwill Recording Goodwill Goodwill Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Impairment of Intangible Assets Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Research and Development Costs Presentations of Intangibles and Related Items Presentations of Intangibles and Related Items Presentations of Intangibles and Related Items Presentations of Intangibles and Related Items Copyright Illustration: Arcon Radio purchased a broadcast license for $2,000,000. The license is renewable every 10 years. Arcon Radio has renewed the license with the GCC twice, at a minimal cost. Because it expects cash flows to last indefinitely, Arcon reports the license as an indefinite-life intangible asset. Recently, the GCC decided to auction these licenses to the highest bidder instead of renewing them. Based on recent auctions of similar licenses, Arcon Radio estimates the fair value less costs to sell (the recoverable amount) of its license to be $1,500,000. LO 7 Explain the accounting issues