10133298
Descripción
Test por Luke Hodges, actualizado hace más de 1 año
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Creado por Luke Hodges
hace más de 7 años
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Pregunta 1
Pregunta
Which intangibles can be revalued in Australia based on AASB 138?
Respuesta
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External acquired goodwill
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External acquired identifiable intangible
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Both 1 and 2
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Neither 1 nor 2
Pregunta 2
Pregunta
For which identifiable assets can an active market exist?
Respuesta
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Taxi licences
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Brands
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Publishing rights
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Patents
Pregunta 3
Pregunta
The new accounting standard on intangible assets requires numerous disclosures for each class of intangible assets. Which of the following is not one of the required disclosures?
Respuesta
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Whether the useful lives are indefinite or finite
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The amortisation methods used for intangible assets with finite useful lives
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The gross carrying amount and any accumulated amortisation (aggregated with accumulated impairment losses) at the beginning and end of the period
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The amount expended on intangible identifiable assets that cannot be deferred as an asset
Pregunta 4
Pregunta
The new accounting standard on intangible assets requires certain disclosures in the financial statements. Which of the following is one of those disclosures?
Respuesta
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Reasons supporting the assessment of finite asset lives
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A description, the carrying amount and the remaining amortisation period of individual intangible assets
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The existence and carrying amounts of intangible assets whose title is restricted
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The amount of contractual commitments for the disposal of intangible assets
Pregunta 5
Pregunta
AASB 138 requires that expenditure on development may be deferred (capitalised) and recognised as an asset only if certain conditions are met. Which of the following is not one of the listed conditions?
Respuesta
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Its intention to complete the intangible asset, and use or sell it
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Its ability to use or sell the intangible asset
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The ability to accurately measure expenditure on the intangible asset during its development
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The technical feasibility of completing the intangible asset so that it will be available for use or sale
Pregunta 6
Pregunta
Which of the following items of expenditure would be examples of development activities under AASB 138, Paragraph 59?
Respuesta
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The design, construction and testing of pre-production prototypes
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The design of moulds involving new technology
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The operation of a pilot plant that is not of a scale economically feasible for commercial production
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the search for alternatives for materials, devices, products, processes, systems or services
Pregunta 7
Pregunta
What is the test for recognising of development expenditure provided in AASB 138, when testing the qualifying criteria in paragraph 57?
Respuesta
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Expected beyond reasonable doubt
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Simple probability
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Virtually certain
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None of the above
Pregunta 8
Pregunta
The accounting standard provides details of a number of factors that need to be considered in determining the useful life of an intangible asset. Which of the following is not one of those factors?
Respuesta
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Private information on estimates of useful lives of similar types of assets that are used in a similar way
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Typical product life cycles for the asset
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The stability of the industry in which the asset operates
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The level of maintenance expenditure required to obtain the expected future economic benefits from the asset.
Pregunta 9
Pregunta
In relation to amortisation, the carrying amount of intangible assets with an infinite life must not exceed which of the following?
Respuesta
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Fair value
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Recoverable amount
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Net realisable value
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Net present value
Pregunta 10
Pregunta
How is goodwill measured?
Respuesta
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The excess of the cost of acquisition over the fair value of the identifiable net assets acquired
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The difference between the net present value of the assets and their book value
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The excess of the market value of the assets over the market value of the liabilities
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All of the above
Pregunta 11
Pregunta
What is the purchased goodwill figure based on the following data?
Consideration. Cash: $120 000
Land: $140 000 book value; $160 000 fair value
Legal fees: $ 10 000
Acquisition: Assets $190 000 book value; $250 000 fair value
Liabilities $ 40 000
Respuesta
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$60 000
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$80 000
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$40 000
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$30 000
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