Business, 23.05.2021 04:40 angie07253

3. In a small group of 2-3 students discuss the following questions and present the outcome of
your
discussion to the class.
i. Company A acquired a popular brand name as part of business acquisition
which is expected to have a useful life of 50 years. Discuss how this will be
accounted in the books of Company A.
ii. Company B regularly supplied free goods and gifts to its customers to
maintain customers' loyalty. Discuss how this will be accounted as per
accounting for intangible asset rules.
iii. Company C conducted research to improve its product in the market and
incurred Nu. 1.5 million. Discuss how this cost will be treated in the books of
Company C and reported.

Answers: 3

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3. In a small group of 2-3 students discuss the following questions and present the outcome of

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