Obtain the 2013 annual report for TELUS Corporation either from the companys website or from SEDAR (ww.sedar.com).

Question:

Obtain the 2013 annual report for TELUS Corporation either from the company’s website or from SEDAR (ww.sedar.com).

Required:
a. How much labour cost did the company capitalize into internally developed intangible assets?
b. How long is the average remaining useful life for software intangible assets at the end of 2013? Does this figure look reasonable?
c. What is the primary source of the company’s intangible assets with indefinite lives?How does the company justify the use of indefinite lives (rather than finite useful lives)?

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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