Juilette Ltd is a digital marketing company that undertakes online marketing functions for its customers. In May 2018, Juilette Ltd hired an external consulting firm to review its operations. One of the recommendations made by the external consultants was that the computer software used by Juilette Ltd to produce online advertisements was outdated and should be replaced. Management of Juilette Ltd prepared a report that outlined the following options for the replacement of the computer software:
· Option 1: acquire a licence from Media Solutions Ltd to use their computer software package. The licence could be acquired immediately for $80,000 and would last five years. A condition of the licence is that Juilette Ltd is prohibited from selling, transferring, licensing, renting or exchanging the computer software even after the licence has expired.
· Option 2: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would be patented at an additional cost of $15,000.
· Option 3: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would not be patented.
Required
(a) For each of the three options, explain whether the computer software satisfies the definition of an intangible asset in accordance with AASB 138 Intangible Assets. In particular, explain whether the computer software satisfies the criterion of identifiability in the definition of an intangible asset.
(4 marks)
(b) For each option that satisfies the definition of an intangible asset, explain the recognition criteria that would be applied by Juilette Ltd. (2 marks)
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Judge And Select The Best Source Of Software For The Following Scenario
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Judge Richard Posner Of The 7th Circuit Was Quoted As Saying And On Another Note
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1) Do you agree with Judge Posner that there is no value in studying the U.S. Constitution? Explain your position.
NO LESS THAN 300 WORDS
References
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( ) Changes in people´s income generate changes in the quantity demanded at certain level of prices, which means changes along the demand curve.
( ) A tax on a good or service creates the same deadweight loss for every good, regardless of the demand elasticity of those goods.
( ) In the long run, unlike monopolies, firms under monopolistic competition or perfect competition have zero profits.
( ) The trend we have seen in past years of people switching from SUV cars to more fuel-efficient or hybrid cars, even electric cars, is an example of how in the long run the demand for gas becomes more elastic than in the short run.
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B.FTTFT
C.TFFFF
D.TFFTF
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Judy Has 2 000 For A Down Payment On A Vehicle And She Can Afford Monthly Paymen
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Judy S Measured Potassium Level Varies According To The Normal Distribution With
/in Uncategorized /by developerJudy’s measured potassium level varies according to the Normal distribution with mean = 3.8 and standard deviation = .2. A patient is classified as hypokalemic if the potassium level is below 3.5.(a) If a single potassium measurement is made, what is the probability that Judy is diagnosed as hypokalemic? (b) If measurements are made instead on 4 separate days and the mean result is compared with the criterion 3.5, what is the probability that Judy is diagnosed as hypokalemic?
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Juggernaut Satellite Corporation Earned 10 Million For The Fiscal Year Ending Ye 1
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Juilette Ltd Is A Digital Marketing Company That Undertakes Online Marketing Fun
/in Uncategorized /by developerJuilette Ltd is a digital marketing company that undertakes online marketing functions for its customers. In May 2018, Juilette Ltd hired an external consulting firm to review its operations. One of the recommendations made by the external consultants was that the computer software used by Juilette Ltd to produce online advertisements was outdated and should be replaced. Management of Juilette Ltd prepared a report that outlined the following options for the replacement of the computer software:
· Option 1: acquire a licence from Media Solutions Ltd to use their computer software package. The licence could be acquired immediately for $80,000 and would last five years. A condition of the licence is that Juilette Ltd is prohibited from selling, transferring, licensing, renting or exchanging the computer software even after the licence has expired.
· Option 2: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would be patented at an additional cost of $15,000.
· Option 3: internally develop a computer software package. It would take between 8 and 12 months to develop the computer software at an estimated cost of $50,000. The computer software would not be patented.
Required
(a) For each of the three options, explain whether the computer software satisfies the definition of an intangible asset in accordance with AASB 138 Intangible Assets. In particular, explain whether the computer software satisfies the criterion of identifiability in the definition of an intangible asset.
(4 marks)
(b) For each option that satisfies the definition of an intangible asset, explain the recognition criteria that would be applied by Juilette Ltd. (2 marks)
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