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Financial Accounting and Reporting Fasb Case

Autor:   •  January 6, 2019  •  Case Study  •  790 Words (4 Pages)  •  53 Views

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FRB Case 2

Learning Team 8: Aisha Hafeez, Kimberly Lewis, Michael Mulroe, and Don Trull                                Honor Code: “[We] pledge that [we] have neither given nor received any unauthorized                                                                     assistance on this assignment”

Blackberry FSA Case

  1. What types of long-lived assets does Blackberry report?
  • Tangible Assets: Property, Plant & Equipment (net)
  • Intangible Assets (net) including acquired technology and intellectual property.

What is the dollar amount and percentage change in total and by each type of long lived asset from  March 2 2013 to March 1, 2014? What are long lived assets in total and by type as a percent of total assets at March 1, 2014 and March 2, 2013?

Blackberry Long Lived Asset (LLA) Comparison 2013 to 2014

Type

Asset Value USD 3/1/2014

Percent of Total Assets

Asset Value USD 3/2/2013

Percent of Total Assets

Asset Value USD Change from 2013 to 2014

Percent  Asset Value USD Change from  2013 to 2014

PPE, Net

 $      942

12.47%

 $    2,073

15.75%

 $   (1,131)

-54.56%

Intangible

 $   1,424

18.86%

 $    3,430

26.05%

 $   (2,006)

-58.48%

LLA Total

 $   2,366

31.33%

 $    5,503

41.80%

 $   (3,137)

-57.01%

Total Assets

 $   7,552

100.00%

 $  13,165

100.00%

 $   (5,613)

-42.64%

  1. What is the total amount of impairment losses Blackberry reported in the years ended March 1, 2014, March 2, 2013, and March 3, 2012? To what types of assets do the impairment losses relate?

Impairment of Assets for Year 2014, 2013, and 2012                                                 (in millions USD)

Type

1-Mar-14

2-Mar-13

3-Mar-12

PPE, Net

 $            852

 

 

Intangible Assets

 $         1,900

 

 

Goodwill

 

 $            335

 $               355

Total Asset Impairment

 $         2,752

 $            335

 $               355

  1. What is the amount of impairment losses on intangible assets that Blackberry reported for the years ends March1, 2014, March 2, 2013, and March 3, 2012? To what type of Intangible asset do the losses relate?

Impairment of Intangible Assets for Years 2014, 2013, and 2012                                                 (in millions USD)

Type

1-Mar-14

2-Mar-13

3-Mar-12

Intangible Assets

 $         1,900

 

 

Goodwill

 

 $            335

 $               355

Total Asset Impairment

 $         1,900

 $            335

 $               355

...

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