In the following TBS, you are to complete various tasks related to accounting for intangible assets. All information necessary to do your work is provided.

Metro Co. lists several items in the spreadsheet below. In the second column indicate whether the item is an intangible asset and how it is classified by clicking on the related cell in that column and selecting from the options provided in the popup list. In the third column indicate the appropriate capitalization of related expenditures for the item. In the fourth column, select the appropriate choice for amortization. In the last column select the appropriate choice for recognizing impairment losses. Each solution choice from the options popup lists may be used once, more than once, or not at all.

Cell popup options

Classification:

Definite life intangible

Definite or indefinite life intangible

Indefinite life intangible

Not an intangible

Part definite life intangible, part not intangible

Capitalization:

No expenditures

Only expenditures made to external parties

Only expenditures beyond technological feasibility

Amortization:

Amortize

Amortize expenditures beyond technological feasibility

Depends on whether definite or indefinite life

Do not amortize

Impairment:

Depends on whether definite or indefinite life

Fair value test

Net realizable value test for capitalized amount

Not subject to impairment

Recoverable cost test

Metro Co. lists several items in the spreadsheet below. In the second column indicate whether the item is an intangible asset and how it is classified by clicking on the related cell in that column and selecting from the options provided in the popup list. In the third column indicate the appropriate capitalization of related expenditures for the item. In the fourth column, select the appropriate choice for amortization. In the last column select the appropriate choice for recognizing impairment losses. Each solution choice from the options popup lists may be used once, more than once, or not at all. Item Classification Capitalization Amortization Impairment Trademark Customer list O Copyright Franchise (initial fee) O O OOO O O Software development O Research and development Patent : Goodwill