sir, for clarification lang po, don sa una nyong example, hindi po ba sya qualify as intagible asset yung '"PURCHASED GOODWILL FROM A BUSINESS COMBINATION"? Thankyou
Thank you so much po sir! May mga content po na wala sa books namin kaya mas malawak po ang nagiging knowledge ko sa bawat topics. Super helpful po ng channel niyo :)
sir i have a question if they say "the legal fees to obtain the patent for a printer is 15k, the printer is acquired for 20k and has an expected useful life of 10 years" and they just ask us to record the amount for the printer do i take 20k or 35k
Purchased means na may goodwill na yung acquiree before nya pa inacquire. That is not recognized. What is recognized is yung corresponding goodwill if the Cost of Consideration is greater than the FV of Net Assets.
Ang meaning kasi ng “Purchased Goodwill from a business combination” is eto yung Goodwill na existing na sa books nung acquired company. You dont purchase goodwill kasi. Goodwill can only arise in a business combination when the Cost of Consideration or yung binayad mo is greater than the Fair Value of Net Assets. This is the only time you recognize goodwill.
