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    Quiz 5

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    Prayogi Gunawan
    This document contains a quiz on analyzing intangible assets. It includes 15 true-false questions covering topics such as the accounting for research and development costs, impairment testing, amortization of intangible assets, and differences between US GAAP and IFRS standards. It also provides two discussion questions, one comparing similarities and differences between US GAAP and IFRS for intangible assets, and another explaining how to determine if an impairment write-off is permitted for a limited-life intangible asset.

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    Quiz 5

    Uploaded by

    Prayogi Gunawan
    133 views3 pages
    This document contains a quiz on analyzing intangible assets. It includes 15 true-false questions covering topics such as the accounting for research and development costs, impairment testing, amortization of intangible assets, and differences between US GAAP and IFRS standards. It also provides two discussion questions, one comparing similarities and differences between US GAAP and IFRS for intangible assets, and another explaining how to determine if an impairment write-off is permitted for a limited-life intangible asset.

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    This document contains a quiz on analyzing intangible assets. It includes 15 true-false questions covering topics such as the accounting for research and development costs, impairment testing, amortization of intangible assets, and differences between US GAAP and IFRS standards. It also provides two discussion questions, one comparing similarities and differences between US GAAP and IFRS for intangible assets, and another explaining how to determine if an impairment write-off is permitted for a limited-life intangible asset.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    133 views3 pages

    Quiz 5

    Uploaded by

    Prayogi Gunawan
    This document contains a quiz on analyzing intangible assets. It includes 15 true-false questions covering topics such as the accounting for research and development costs, impairment testing, amortization of intangible assets, and differences between US GAAP and IFRS standards. It also provides two discussion questions, one comparing similarities and differences between US GAAP and IFRS for intangible assets, and another explaining how to determine if an impairment write-off is permitted for a limited-life intangible asset.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Nama : Prayogi Gunawan

    NIM : 0311902001
    Kwik Kian Gie University

    Quiz 5: Analyzing Investing activities: Intangible Assets

    TRUE-FALSE—Conceptual

    1Intangible assets derive their value from the right (claim) to receive cash in the
    future. Salah

    2Research phase costs are capitalized as an intangible asset once economic


    viability.Salah

    3Impairment testing is conducted annually for both limited–life and indefinite-life


    intangible assets.Benar

    4Some intangible assets are not required to be amortized every year. Benar

    5The cost of acquiring a customer list from another company is recorded as an


    intangible asset. Benar

    6If a new patent is acquired through modification of an existing patent, the remaining
    book value of the original patent may be amortized over the life of the new
    patent.Benar

    7Goodwill is considered a master valuation account because it measures the value


    of specifically identifiable intangible assets. Salah

    8Internally generated goodwill associated with a business may be recorded as an


    asset when a firm offer to purchase that business unit has been received.Salah

    9If the recoverable amount of an indefinite-life intangible other than goodwill is less
    than its carrying value, an impairment loss must be recognized.Benar

    10The impairment test for goodwill is conducted based on the cash-generating unit
    to which the goodwill has been assigned. Benar

    11A recovery of impairment for an intangible long-lived asset is limited to the


    carrying value that would have been reported had the impairment not
    occurred.Benar

    12After an impairment loss is recorded for a limited-life intangible asset, the


    recoverable amount becomes the basis for the impaired asset and is used to
    calculate amortization in future periods.Benar
    13Accounting for impairments for limited-life intangible assets follows the same rules
    used to account for impairments of plant and equipment.Benar

    14IFRS permits reversals of impairment losses for all limited and indefinite-life
    intangible assets.Research and development costs that result in patents may be
    capitalized to the extent of the fair value of the patent. Salah

    15Research and development costs are recorded as an intangible asset if it is felt


    they will provide economic benefits in future years. Salah

    Exercises (jelaskan dalam bahasa Indonesia yang baik dan benar)


    1. Briefly describe some of the similarities and differences between U.S. GAAP and
    IFRS with respect to the accounting for intangible assets.

    2. Fred’s Company is considering the write-off of a limited life intangible asset


    because of its lack of profitability. Explain to the management of Fred’s how to
    determine whether a writeoff is permitted.

    Jawaban:
    1. Persamaan:
     Biaya yang terkait dengan penelitian dan pengembangan dipisahkan ke dalam dua
    komponen.
     Aset tidak berwujud diakui secara terpisah dari goodwill jika itu mewakili hak
    kontraktual atau hukum atau mampu dipisahkan atau dibagi dan dijual, ditransfer,
    dilisensikan, disewa atau ditukar.
     Intangible dengan umur manfaat yang terbatas dapat diamortisasi, tetapi untuk
    intangible dengan umur manfaat yang tidak terbatas tidak diamortisasi. Keduanya
    dinilai untuk penurunan nilai setiap tahun.
     Memiliki persamaan dalam akuntansi penurunan nilai terhadap asset yang akan dijual.
    Perbedaan:
     Biaya pada tahap penelitian dibebankan pada IFRS dan US GAAP, sedangkan
    pada IFRS biaya pengembangan dikapitalisasi.
     IFRS memungkinkan beberapa kapitalisasi aset tidak berwujud yang dihasilkan
    secara internal (mis., nilai merek), jika kemungkinan akan ada manfaat di masa
    depan dan jumlahnya dapat diukur dengan andal. US GAAP mensyaratkan
    pengeluaran semua biaya yang terkait dengan intangible yang dihasilkan secara
    internal.
     IFRS mensyaratkan uji penurunan nilai pada setiap tanggal pelaporan untuk aset
    yang berumur panjang dan tidak berwujud dan mencatat penurunan nilai jika nilai
    tercatat aset melebihi jumlah yang dapat dipulihkan; jumlah terpulihkan adalah
    lebih tinggi dari nilai wajar aset dikurangi biaya untuk menjual dan nilainya
    digunakan. Nilai pakai adalah arus kas masa depan yang akan diperoleh dari aset
    tertentu, didiskontokan ke nilai sekarang. Berdasarkan US GAAP, kerugian
    penurunan nilai diukur sebagai kelebihan jumlah tercatat di atas nilai wajar asset.
     IFRS memungkinkan pembalikan rugi penurunan nilai ketika telah terjadi
    perubahan kondisi ekonomi atau dalam penggunaan aset yang diharapkan.
    Berdasarkan US GAAP, kerugian penurunan nilai tidak dapat dibatalkan untuk aset
    yang akan dimiliki dan digunakan; kerugian penurunan nilai menghasilkan dasar
    biaya baru untuk asset.
     Berdasarkan IFRS, penelitian dan pengembangan dalam proses (IPR & D) yang
    diperoleh diakui sebagai aset tidak berwujud yang terpisah jika memenuhi definisi
    aset tidak berwujud dan nilai wajarnya dapat diukur dengan andal. GAAP AS
    mengharuskan IPR & D yang diperoleh untuk dihapus (written off).

    2. Standar akuntansi mensyaratkan bahwa jika peristiwa atau perubahan keadaan


    mengindikasikan bahwa nilai tercatat aset tersebut mungkin tidak dapat dipulihkan,
    maka nilai tercatat aset tersebut harusdinilai. Kerugian penurunan nilai diukur sebagai
    jumlah dimana nilai tercatat melebihi jumlah terpulihkan dari aset. Jumlah terpulihkan
    aset diukur dengan nilai wajarnya dikurangi biaya untuk menjual jika ada pasar aktif
    untuk mereka. Jika tidak ada harga pasar yang tersedia, nilai sekarang dari arus kas
    bersih masa depan yang diharapkan dari aset dapat digunakan.

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