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Why do you think Tesla has so few intangible assets? 4. Intangibles In its financial statement footnotes, Tesla disclosed the following information on its intangibles:
Why do you think Tesla has so few intangible assets?
4. Intangibles In its financial statement footnotes, Tesla disclosed the following information on its intangibles: Goodwill increased $130 million from $68 million as of December 31, 2018 to $198 million as of December 31, 2019 primarily due to completed business combinations during the year (Maxwell Technologies). There were no accumulated impairment losses as of December 31, 2019 and 2018. Indefinite-lived intangible assets were valued at $5m on December 31, 2019, and $47m on December 31, 2018. Information regarding our finite-lived intangible assets including assets recognized from our acquisitions was as follows (in millions):10 December 31, 2018 Accumu lated Net amortizatio Gross S December 31, 2019 Accumu Gros lated Net amortizatio n 291 (72) 220 89 113 (24) n 152 113 (40) (17) 113 96 & Developed technology Favorable contracts leases Other 25 41 445 (16) (112) 81 346 (55) (112) 27 236 334 4. Intangibles In its financial statement footnotes, Tesla disclosed the following information on its intangibles: Goodwill increased $130 million from $68 million as of December 31, 2018 to $198 million as of December 31, 2019 primarily due to completed business combinations during the year (Maxwell Technologies). There were no accumulated impairment losses as of December 31, 2019 and 2018. Indefinite-lived intangible assets were valued at $5m on December 31, 2019, and $47m on December 31, 2018. Information regarding our finite-lived intangible assets including assets recognized from our acquisitions was as follows (in millions):10 December 31, 2018 Accumu lated Net amortizatio Gross S December 31, 2019 Accumu Gros lated Net amortizatio n 291 (72) 220 89 113 (24) n 152 113 (40) (17) 113 96 & Developed technology Favorable contracts leases Other 25 41 445 (16) (112) 81 346 (55) (112) 27 236 334Step by Step Solution
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