Chapter 6 Intangible Assets - IAS38 Disclosures relating to intangible assets - IAS38 Does the company you choose report any intangible assets and goodwill in its financial statements and accompanying notes? Briefly itemized list of each. The disclosures requirement for each class of intangible assets of IAS38 are very extensive, for each item below, write a brief description (only few lines) about: a. What were the amounts of accumulated amortization reported by your company for the last two years (at the end of 2017 and 2018? Did the company record impairments on intangible assets? Explain. b. For each class of intangible asset, distinguishing between internally generated intangible assets and other intangible assets. c. Whether the useful lives are indefinite or finite and, if finite, the useful lives or amortization rates used and the amortization methods used. d. Explain the accounting treatment required by IAS38 in relation to research and development expenditures. (Write a brief description whether if there is any research and development expenditures and how should this expenditure be accounted for in the company's financial statements? Chapter 6 Intangible Assets - IAS38 Disclosures relating to intangible assets - IAS38 Does the company you choose report any intangible assets and goodwill in its financial statements and accompanying notes? Briefly itemized list of each. The disclosures requirement for each class of intangible assets of IAS38 are very extensive, for each item below, write a brief description (only few lines) about: a. What were the amounts of accumulated amortization reported by your company for the last two years (at the end of 2017 and 2018? Did the company record impairments on intangible assets? Explain. b. For each class of intangible asset, distinguishing between internally generated intangible assets and other intangible assets. c. Whether the useful lives are indefinite or finite and, if finite, the useful lives or amortization rates used and the amortization methods used. d. Explain the accounting treatment required by IAS38 in relation to research and development expenditures. (Write a brief description whether if there is any research and development expenditures and how should this expenditure be accounted for in the company's financial statements