Langrova Inc. has the following amounts reported in its general ledger at December 31, 2015. Instructions (a)
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Langrova Inc. has the following amounts reported in its general ledger at December 31, 2015.
Instructions
(a) On the basis of the information above, compute the total amount to be reported by Langrova for intangible assets on its statement of financial position at December 31, 2015. As noted, the equipment has alternative future use.
(b) If an item is not to be included in intangible assets, explain its proper treatment for reporting purposes.
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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