2008 CFA Level 1 － Sample 样题(3)－Q37 class, otherwise, principles, accounting, face

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答案和详解如下：

37、Correct answer is A

 "Analysis of Long-Lived Assets: Part I - The Capitalization Decision," Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried

 2008 Modular Level I, Vol. 3, pp. 360-361

 Study Session 9-36-b

determine which intangible assets, including software development costs and research and development costs, should be capitalized, according to U.S. GAAP and international accounting standards

The excess price paid over the net book value during an acquisition that cannot be assigned to other identifiable assets is assumed to be for goodwill.

 

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37、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

 

GreenTech Incorporated recently paid more than the net book value to acquire Cleanway Corporation. Cleanway operates an    active research and development program into environmentally friendly cleaning products. GreenTech is very interested in this research program as well as the good management team in place at Cleanway. The excess price paid over the net book value of the assets should be accounted for on GreenTech's financial statements as:

A. goodwill.

B. a trademark.

C. an expense in the period of acquisition.

D. an intangible asset, research and development.

     

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