Question 3 Partially conect Mark 0.92 out of 4.00 Flag question Amortization and Impairment Testing of Identifiable Intangible Assets 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 Acquired Company n thousands) Lancope Jmper Technileges, Technology Useful life (in years) Amount $79,000 340,000 Customer Relationships Useful life IPRAD (in years) Amount Amount 7 $29,000 $121,000 75,000 23,000 eBook 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 fe Technology Customer Relationships IPRAD Sum of Acquired Company in thousands) Sum of Sum of Sum of Sum of expected expected expected expected undiscounted discounted undiscounted discounted undiscounted discounted cash flows cash flows cash flows cash flows cash flows cash flows Lancope, in $70.000 Jane Technologies 200,000 145,000 150,000 $25.000 $20,000 80,000 5,000 $130,000 30.000 $105.000 20,000 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 Customer Technology Relationships Acquired Company Lancope Inc 500x 300 x Jasper technologies ne 1,300x 400 b. Calculate impairment losses for fiscal 2016. Round answers to the nearest whole number. Enter answers in thousands Customer Acquired Company Technology Relationships Lancope, Inc IPRAD Jinger Technologies Inc 5,000 77.000 6,000 16,000 6.000 c. Determine the amounts reported on Cisco's 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 Clace's fiscal 2016 balance sheet Tedeology Customer Reships WRAD 21.500 500 128,000