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During the year ended July 30, 2016, Cisco Systems, Inc. acquired the following identifiable intangible assets through its purchase of two companies (in thousands): Limited

During the year ended July 30, 2016, Cisco Systems, Inc. acquired the following identifiable intangible assets through its purchase of two companies (in thousands):
Limited Lives

Indefinite Lives

Technology Customer Relationships IPR&D
Acquired Company (in thousands) Useful life (in years) Amount Useful life (in years) Amount Amount
Lancope, Inc 5 $79,000 6 $29,000 $121,000
Jasper Technologies, Inc 6 240,000 7 75,000 23,000
Cisco acquired Lancope, Inc. in December 2015, and Jasper Technologies, Inc. in March 2016. Cisco separately tests identifiable intangibles acquired from each company for impairment, and collects the following information to conduct impairment tests at the end of fiscal 2016 (in thousands):
Technology Customer Relationships IPR&D
Acquired Company (in thousands) Sum of expected undiscounted cash flows Sum of expected discounted cash flows Sum of expected undiscounted cash flows Sum of expected discounted cash flows Sum of expected undiscounted cash flows

Sum of expected discounted cash flows

Lancope, Inc $70,000 $65,000 $25,000 $20,000 $130,000 $105,000
Jasper Technologies, Inc 200,000 150,000 80,000 65,000 30,000 26,000
Required
a. Calculate amortization expense for the above identifiable intangibles for fiscal 2016. Intangibles are amortized on a straight-line basis starting in the month following acquisition.

Round answers to the nearest whole number.

Enter answers in thousands.

Acquired Company

Technology

Customer Relationships

Lancope, Inc. $Answer $Answer

Jasper Technologies, Inc.

Answer Answer

b. Calculate impairment losses for fiscal 2016.

Round answers to the nearest whole number.

Enter answers in thousands.

Acquired Company

Technology

Customer Relationships IPR&D
Lancope, Inc. $Answer $Answer $Answer

Jasper Technologies, Inc.

Answer Answer Answer
c. Determine the amounts reported on Ciscos fiscal 2016 balance sheet for technology, customer relationships, and in-process R&D.

Round answers to the nearest whole number.

Enter answers in thousands.

Amounts reported on Cisco's fiscal 2016 balance sheet

Technology $Answer

Customer Relationships

Answer
IPR&D Answer
Consolidation Working Paper, Three years after acquisition

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