a Identify the basic accounting procedures governing valuation of intangible assets b Distinguish between accounting for internally developed and purchased goodwill (and intangibles) c Discuss the importance of distinguishing between identifiable intangibles and unidentifiable intangibles d Explain...

a The basic approach in accounting for identifiable intangibles other than goodwill is to record at historical cost and subsequently amortize that cost to benefit periods If assets other than cash are ...

a. Identify the basic accounting procedures governing valuation of intangible assets . b. Distinguish between accounting for

Question:

a. Identify the basic accounting procedures governing valuation of .
b. Distinguish between accounting for internally developed and purchased (and intangibles).
c. Discuss the importance of distinguishing between identifiable intangibles and unidentifiable intangibles.
d. Explain the principles underlying amortization of .

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...