random FRA questions - Part II
1) Are deferred taxes considered a part of long term debt?
2) Schweser (SS9 - pg 171) mentions that 'not all intangible assets are reported on the balance sheet' - any idea which ones are not reported and why?
3) Why are software development costs capitalized when the software is developed for internal use? I would have thought that the internal use of the software would be part of operation or in the cases where the cost of the software is not significant for the firm.
4) Schweser (SS9 - pg 177) states the following: depreciation expense may be allocated between COGS and S&GA expenses. What does this mean?
5) Schweser (SS9 - pg 184) states: because of its inseparability, goodwill is valued at the reporting unit level. What does this mean?
6) Are there any tax savings as a result of impairing an asset?
Thanks! |