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ACC305 Intermediate Accounting 1

Week 5 Discussion

DQ1 Intangible Asset Valuation.

Chapters 11 and 12.

Write: Make sure your response addressing the following question is more than 200 words and you include an in- text citation or a brief quote from the reading material where appropriate.

Explain how intangible assets may pose a significant valuation problem. Does the determination of useful life for an intangible asset pose a valuation problem? Explain.

DQ2 Operating Asset Impairment Loss. 1st Post Due by Day 3. Read: Chapters 11 and 12.

Write: Make sure your response addressing the following question is more than 200 words and you include an in- text citation or a brief quote from the reading material where appropriate.

When measuring an impairment loss for a long-term operating asset, must firms determine the fair market value using a discounted cash flow model? Explain.

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