Tesla 2016 10-K

Required: Answer the following questions based on your examination of the Tesla, Inc. 2016 10-K Note that some questions pertain to fiscal year 2016 and others pertain to fiscal year 2015; please carefully read each question

( Tesla, Inc. 2016 10-K ) is available on the internet. Sorry that It cannot be uploaded because it is more than 100 pages.

http://ir.tesla.com/secfiling.cfm?filingid=1564590-17-3118&cik=1318605

20. What is the carrying amount (in thousands) for Intangible Assets, net as of December 31, 2016 for Tesla, Inc? a. $14,198

b. $8,867

c. $12,816

d. $376,145

21. Why did Teslas intangible assets increase from 2015 to 2016?

a. Tesla developed more intangible assets in-house

b. Tesla purchased another companys intangible assets

22. Which item is amortized by Tesla, Inc. over its estimated useful life?

a. Goodwill

b. Intangible Assets with definite useful lives

c. Intangible Assets with indefinite useful lives

d. All of the above

e. None of the above

23. Tesla, Inc. uses an estimated useful life of ___ for intangible assets with definite lives.

a. 3 to 10 years

b. 20 to 30 years

c. 2 to 30 years

d. Tesla does not amortize its intangibles with definite lives

24. What is the amount (in thousands) of Intangible assets not subject to amortization as of December 31, 2016 for Tesla, Inc.?

a. $86,832

b. $296,357

c. $130,332

d. $383,189

25. Tesla, Inc. acquired 100% of SolarCity during 2016. How much of the purchase price was allocated to acquired intangible assets (in thousands)?

a. $139,257

b. $129,196

c. $356,510

d. $ 65,842

26. Tesla, Inc. acquired 100% of SolarCity during 2016. How much of the purchase price was allocated to Goodwill (in thousands)?

a. $88,727

b. $2,145,977

c. $2,234,704

d. $0

27. The value of goodwill is the excess of

a. The purchase price over the fair value of tangible and identifiable intangible net assets acquired.

b. The purchase price over the fair value of tangible net assets acquired.

c. The purchase price over the carrying value of tangible and identifiable intangible net assets acquired.

d. The purchase price over the carrying value of tangible net assets acquired.

28. How much amortization of intangible assets (in thousands) does Tesla expect to record in 2017? a. $33,843

b. $7,044

c. $86,832

d. $289,313

29. Did Tesla recognize any goodwill impairment for December 31, 2016?

a. Yes

b. No

30. Which of the following is not a characteristic of intangible assets?

a. They are long-term in nature

b. They lack physical existence

c. They are all subject to amortization

d. None of the above

31. Impairment testing is performed in the same way for indefinite-life intangibles and limited-life intangibles.

a. True

b. False