16 ) In accounting for internally generated intangible assets , U . S . GAAP requires that
17 ) One factor that is not considered in determining the useful life of an intangible asset is
18 ) In 2015 , Edwards Corporation incurred research and development costs as follows :
Materials and equipment $ 110,000 Personnel 130,000 Indirect costs 150,000 $ 390,000
These costs relate to a product that will be marketed in 2016 . It is estimated that these costs will be recouped by December 31 , 2018 . The equipment has no alternative future use . What is the amount of research and development costs that should be expensed in 2015 ?
19 ) The carrying value of an intangible is
20 ) Under current accounting practice , intangible assets are classified as
21 ) The statement of changes in equity has columns for each of the following except :