Professional Documents
Culture Documents
University of Santo Tomas
University of Santo Tomas
INTANGIBLE ASSETS
6. How much is the total expenses for the year 2019 assuming Dinar
Company did not win the lawsuit?
a. P80,000
b. P262,500
c. P87,500
d. P350,000
8. How much is the total amount charged against revenues for the
year 2019?
a. P458,875
b. P239,831
c. P945,426
d. P489,831
15. The owners of Acer Company are planning to sell the business
to new interests. The cumulative net earnings for the past 4
years were P6,000,000 including casualty loss of P200,000.
The current value of net assets of Acer Company was
P16,000,000. Goodwill is determined by capitalizing average
earnings at 8%. What is the amount of goodwill?
a. P1,450,000
b. P1,550,000
c. P2,215,000
d. P3,375,000
13. What is the proper time or time period over which to match
the cost of an intangible asset with revenues if it is likely
that the benefit of the asset will last for an indefinite
period?
a. 40 years
b. 50 years
c. Immediately
d. At such time as a reduction in value can be quantitatively
determined
18. Research is
i. Original and planned investigation undertaken with the
prospect of gaining new scientific or technical knowledge
and understanding.
ii. Application of research finding or other knowledge to
a plan or design for the production of new or substantially
improved material, device, product, process, system or
service, prior to the commencement of commercial production
or use.
a. Both I and II
b. Neither I nor II
c. I only
d. II only