homework questions The first question You have the following data as at the end of 2018 about SABIC, which uses Internat

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homework questions
The first question
You have the following data as at the end of 2018 about SABIC,which uses International Financial Reporting Standards (IFRSs) inpreparing its financial statements: 1. There is a brand that waspurchased on 1/1/2014 for an amount of 2,750,000 and has a usefullife of 25 years and a salvage value of 250,000 and is amortizedusing the straight line method. On 1/1/2018, its useful life waschanged to only 15 years from the date of acquisition, and thescrap value became 200,000. 2. On 1/1/2008 a patent was purchasedwith a value of 40,000 riyals and has no limited useful life. On31/12/2018, the fair value of the asset was estimated at 35,000,the present value of future benefits at 34,000, and theundiscounted future value of the benefits from using the asset42,000. 3. There is a research that was launched to develop anintangible asset with a value of 200,000 riyals at the beginning of2018, knowing that 40% of these amounts are due to developmentcosts that meet the conditions for developing the asset. Required:What is the total assets of the company that will appear in thestatement of financial position as on 31/12/2018 (indicate youranswer and how each number is calculated)
second question 1. Are there internally generated intangibleassets that are not recorded in the company's books, explain thiswith examples. 2. In the event that the company receives anintangible asset as a government grant, how can it be accounted forin accordance with international accounting standards?
The third question Al-Amal Company owns a group of assets. As anexpert in IFRS, you are required to provide advice on how toconduct an impairment test for each of the following assets:
1- An asset classified on the basis of IAS 16 Property,Equipment and Plant.
2- Investments in associate companies in accordance with thetext of International Accounting Standard No. 28 on accounting forinvestments in associates.
3- Exploration, evaluation and exploration costs recognized inaccordance with International Financial Reporting Standard No. 6for the exploration and evaluation of mineral resources.
4- Financial investments available for sale classified inaccordance with International Accounting Standard No. 39 onfinancial instruments, recognition and measurement.
5- An asset classified as held for sale in accordance with thetext of International Financial Reporting Standard No. 5 relatingto assets held for sale.