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AKUNTANSI INTERNASIONAL
DISUSUN OLEH :
RATNA KEMALA
8335123490
S1 AKUNTANSI REGULER A
Akuntansi
Fakultas Ekonomi
Universitas Negeri Jakarta
2012
FAKULTAS EKONOMI
UNIVERSITAS NEGERI JAKARTA
Program S1 Reguler
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At December 31, Year 2, Smith Company has specialized equipment with the following
characteristics.
Carrying amount
$55,000
Selling
$40,000
Cost of disposal
$1,000
$55,000
$38,000
Command: Please calculate the impairment loss and create a journal entry for it!
ANSWER
In applying IAS 36, the assetss recoverable amount would be determined as follows:
Net selling price ($ 40,000 - $ 1,000)
$39,000
Value in use
$38,000
$39,000
$55,000
Recoverable amount
(39,000)
Impairment loss
$16,000
The following journal entry would be made to reflect the impairment of this asset:
Impairment loss
$16,000
Equipment
$16,000
$280,000
10%
Noncontrolling interest
$28,000
Consideration transferred
$380,000
28,000
Subtotal
$408,000
(280,000)
Goodwill
$128,000
$422,222
10%
Noncontrolling interest
$42,222
Consideration transferred
Plus: Noncontrolling interest
$380,000
42,222
Subtotal
$422,222
(280,000)
Goodwill
$142,222
Internally generated intangibles, accordance with IAS 38, the expenditure giving rise to the
potential intangible to be classified as either research or development expenditures. If the two
cannot distinguished, all expenditures should be classified as research expenditures. Research
expenditures must be expensed as incurred. Development expenditures, in contrast, are
recognized as an intangible asset when an enterprise can demonstrate all of the following:
1. The technical feasibility of completing the intangible asset so that it will be available for
use or sale
2. Its intention to complete the intangible asset and use or sell it
3. Its ability to use or sell the intangible asset
4. How the intangible asset will generate probable future economic benefits
5. The availability of adequate technical, financial, and other resources to complete the
development and to use or sell the intangible asset
6. Its ability to reliably measure the expenditure attributable to the intangible asset during its
development.
Then, considerable management judgement is required in determining wheter development costs
should be capitalized as an internally generated intangible. Managers must be determine the
point at which research ends and development begins. Development costs capitalized as an
internally generated intangible can only be treated as having a finite useful life. They must be
amortized over their useful life using a method that best reflects the pattern in which the assets
economic benefits are consumed. Amotization begins when the intangible asset is available for
sale or use.