ACG 302: Accounting Analysis– Assignment 1

Accounting Analysis –Assignment 1 ACG 302: SPRING 2019 Name Institution Date 1] The total intangible assets were wireless licenses, goodwill, and other intangible assets, was 127,836 million dollars, broken down as the 88,417, 29,172 and 10,247 million dollars for the three intangible asset categories respectively, and this accounted for 49.71% of the total assets. 2] There are wireless licenses that provide wireless operations, and there are exclusive rights to provide wireless communication services and not subject to amortization. At the moment some actors limit the useful life of the Verizon’s wireless licenses, but events and circumstances are considered to determine whether there are limits to the cash flows generated by the asset. 3] The quantitative impairment test was undertaken in 2015, which focused on the estimated fair value of the aggregate wireless licenses compared to the aggregated carrying amount. An intangible asset with an indefinite useful life (a nonamortized intangible asset) is reviewed for impairment and when using the quantitative test when the carrying amount is more than the fair value the asset is impaired, and the excess represents the impairment loss. 4] The company’s intangible assets that do not have indefinite lives, which are mostly the primarily customer lists and non-network internal-use software are amortized over their estimated useful lives Bes...