Study examples 1 and 5 through 14 in the workbook. Chapter 12 Know how to value intangibles. Be able to distinguish between limited life intangibles, indefinite life intangibles other than goodwill, and goodwill. When do we record such assets? Know impairment rules for intangibles All three types. When do we amortize intangibles? How do we account for R & D expenditures? What costs are capitalized for patents?
