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AUDITING INTANGIBLE ASSETS and EVALUATING FAIR Bb  Pupul  Form

AUDITING INTANGIBLE ASSETS and EVALUATING FAIR Bb Pupul Form

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What we're going to be looking at here are intangible assets, and we're specifically going to look be looking at a purchase patent here, and we're going to have impairment on this patent so what we're going to be doing is we're going to be calculating the impairment in looking at how we'd record this impairment in for example here corporation aid during 20 × 4 spent three hundred and forty thousand dollars on research and development costs here in corporation a had previously purchased a patent i.e. here on seven 120 X one for a hundred and fifty thousand dollars, so they bought this from an outside party here for their own use here so, and then it had a useful life here at that time of ten years as a result here reduced demands for the products protected by this patent a here possible impairment here in patent a's value may have occurred here on 1231 twenty x four, so we're going to be testing for that and see if we've got an impairment here okay, so these are the rules that I wrote

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