What are intangible assets? How much of intangible assets did TELUS report on its December 31, 2011 balance sheet? What are the largest categories of TELUS' intangible assets? How are these intangible assets amortized? Why are some of TELUS' intangible assets not amortized?
Answer to relevant QuestionsTELUS is a fairly well-known brand name in Canada, yet it's not included among the company's intangible assets. Why not? Do you think the TELUS brand name should be reported as an asset? What would some of the problems be ...By simply looking at TELUS' balance sheet, do you think that it would be easy to get into its business? Explain why or why not.Why do IFRS require disclosure of operating lease obligations and significant purchase commitments? What are the characteristics of debt that make it risky? Why do these characteristics make debt risky? Explain the difference between a capital (finance) lease and an operating lease. Explain how each type of lease is accounted for and the effect each has on the balance sheet and income statement.
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