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Can you please solve the following questions related to this case (https://www.coursehero.com/file/25760297/Biosensors-Casepdf/)? Identify the different types of intangibles(including goodwill) arising from the acquisition of JWMS.

Can you please solve the following questions related to this case (https://www.coursehero.com/file/25760297/Biosensors-Casepdf/)?

  1. Identify the different types of intangibles(including goodwill) arising from the acquisition of JWMS. Indicate clearly the value of each category of intangibles as at acquisition date.
  2. Summarise BIG's accounting treatment (at acquisition and at subsequent financial statement date) for eachcategory of intangibles (including goodwilll), and discuss if it is consistent with the IFRS conceptual framework with regard to the definition and recognition of assets.
  3. Identify the critical assumptions BIG made in the impairment testing for goodwill.
  4. How would an analyst determine the reasonableness of the assumptions?When is goodwill impaired?

Thank you

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