a) SOLUTIONS
Exercise 9 (LESSON 2) Intangible non current assets
CASE 1
a) 3,000,000 assets bank 1,500,000
500,000 goodwill liabilities 1,000,000
b) How much is the amortization expense for year 2010?. 0
c)
100.000 Impairment expense Accumulated impairment 100.000
d) 400,000
CASE 2 Research and development
SPANISH PGC
100.000
Salaries and Social security expenses
25.000 Supplies expenses
75.000 Purchases and used materials
Cash 200.000
December 31, 2010
80.000
Research
120.000 Development
Work carried out to intangible assets 200.000
February 2011,
121.000 Patent Development 120.000
Cash 1.000
December 31, 2011
16.000 Amortization expense Accumulated amortization 16.000
INTERNATIONAL STANDARDS
100.000
Salaries and Social security expenses
25.000 Supplies expenses
75.000 Purchases and used materials
Cash 200.000
December 31, 2010
120.000 Development
Work carried out intangible assets 120.000
February 2011,
121.000 Patent Development 120.000
Cash 1.000
CASE 3 Exchanges
2.500 Accumulates amortization
10.000 New patent (loose weight) Old patent (tension) 7.500
Cash 3.000
Gain on disposal 2.000
b)
2.500 Accumulates amortization
6.500 New patent (loose weight)
1.500 Losses in disposal Old patent (tension) 7.500
Cash 3.000