Identify the Following as a Fixed Asset (FA), or Intangible

question 132

Essay

Identify the following as a fixed asset (FA), or intangible asset (IA), natural resource (NR), or none of these (N).? (a) Computer
(b) Patent
(c) Oil reserve
(d) Goodwill
(e) U.S. Treasury note
(f) Land used for employee parking
(g) Gold mine

Calculate goodwill and other intangible assets arising from business combinations.

Recognize how business combinations are reflected in consolidated financial statements.

Understand the treatment and recognition of in-process research and development in business combinations.

Analyze the reasons and strategic objectives behind business combinations.