Q1. Under U.S. generally accepted accounting principles (GAAP), which of the following costs associated with intangible assets is most likely to be capitalized? A) Research and development costs associated with software development. B) The cost of an acquisition of a patent from an outside entity. C) The costs associated with an internally created trademark.
Q2. Under U.S. GAAP: A) firms are allowed to capitalize research and development (R&D) costs when specific criteria are met. B) franchise or license costs for agreements of less than five years are expensed as incurred. C) advertising costs for other than direct-response advertising costs are expensed as incurred.
Q3. Under U.S. Generally Accepted Accounting Principles (GAAP), development cost of patents and copyrights can be capitalized: A) when purchased from other entities. B) when purchased or developed internally but excluding registration costs. C) when developed internally.
Q4. Under U.S. GAAP, which statement is CORRECT? A) Goodwill cannot be recognized and capitalized in a purchase transaction. B) Research and development costs are not expensed. C) Purchased patent and copyright costs are not expensed.
Q5. Statement of Financial Accounting Standard (SFAS) 86 requires that costs incurred to establish the feasibility of computer software must be: A) viewed like Research & Development (R&D) costs and expensed as incurred. B) capitalized only after the software is completely developed. C) expensed once the economic feasibility is established.
Q6. Which of the following is least likely to be a problem with accounting for internally generated intangible assets? A) Determining the economic life. B) The potential benefits are spread over a long time period. C) Costs of developing these assets may not be easily separable.
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发表于 2009-1-19 10:11
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