Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.

Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.

Required

(1)Which items on Hu's balance sheet could be considered intangible assets? Explain the nature of each of these.

(2)Explain why it is important that Hu disclose the amounts expended on research and development each year.

Question

Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
​
Required
​
(1)Which items on Hu's balance sheet could be considered intangible assets? Explain the nature of each of these.
​
(2)Explain why it is important that Hu disclose the amounts expended on research and development each year.

Quizplus · Accepted Answer

The Answer of Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
​
Required
​
(1)Which items on Hu's balance sheet could be considered intangible assets? Explain the nature of each of these.
​
(2)Explain why it is important that Hu disclose the amounts expended on research and development each year.

Hu Corporation Use the Following Assets Section of Hu Corporation's Balance Sheets