Financial Accounting and Reporting Fasb Case
Autor: Michael Mulroe • January 6, 2019 • Case Study • 790 Words (4 Pages) • 469 Views
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
- 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% |
- 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 |
- 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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