Question 15. Question : (TCO D) On October 1, 2010, Bartley
Corporation issued 5%, 10-year bonds with a face value of $500,000
at 104. Interest is paid on October 1 and April 1, with any premiums
or discounts amortized on a straight-line basis.
The entry to record the issuance of the bonds would include a
(TCO C) Intangible assets may be internally generated or purchased
from another party. In either case, the cost that should be included
in the initial valuation of the asset is an issue.
Instructions:
- Identify the typical costs included in the cash purchase of an
intangible asset.
- Discuss how to determine the cost of an intangible asset acquired
in a noncash transaction.
- Describe how to determine the cost of several intangible assets
acquired in a basket purchase. Provide a numerical example
involving intangibles being acquired for a total price of $120,000.