Explain The Difference Between Artistic And Related Intangib

Explain The Difference Between Artistic Related Intangible Assets An

Explain The Difference Between Artistic Related Intangible Assets An

1)Explain The Difference Between Artistic Related Intangible Assets An

1)Explain The Difference Between Artistic Related Intangible Assets An 1)Explain The Difference Between Artistic Related Intangible Assets An 1)Explain The Difference Between Artistic Related Intangible Assets An 1)Explain The Difference Between Artistic Related Intangible Assets An

2) There are many factors. But there are some specific factors that should probably always be considered. The authors do an excellent job presenting the factors that Disney uses in determining useful life. Instruction: for question 1 answer is already there from one of the student can you do the peer review in one paragraph. for question 2 write the answer in one paragraph.

Paper For Above instruction

Understanding the distinctions between different types of intangible assets is crucial for accurate financial reporting and valuation. Artistic-related intangible assets are associated primarily with the rights to use or exploit artistic works, such as copyrights, trademarks, or patents related to creative productions or brands. These assets often have a distinct commercial value stemming from creative or artistic contributions and are typically linked to specific works or brands in the entertainment, publishing, or art industries. In contrast, contract-related intangible assets arise from contractual rights obtained through agreements, such as franchise rights, licensing arrangements, or distribution rights. For example, a franchise agreement grants a franchisee the rights to operate a business under the franchisor’s trademarks and business model, which constitute a contractual intangible asset (FASB, 2020). The primary difference lies in their basis of creation: artistic assets are rooted in intellectual creativity, whereas contract-related assets derive from binding legal agreements that confer specific rights. The valuation and useful life determination for these assets involve evaluating factors such as legal protections, expected revenue streams, market recognition, and contractual terms (Koller, Goedhart, & Wessels, 2010). In the case of Disney, determining the useful life of intellectual property involves considering the legal lifespan of copyrights and trademarks, market trends, and the relevance of the content over time (Disney, 2021). Disney’s strategic approach emphasizes ongoing brand management, market relevance, and legal protections to estimate the assets' useful life, which impacts amortization schedules and financial reporting (Disney, 2021). Therefore, understanding these factors enables more accurate asset valuation and strategic planning for organizations managing intangible assets.

References

  • Disney. (2021). Annual Report 2021. The Walt Disney Company. https://thewaltdisneycompany.com/investor-relations/annual-reports/
  • Financial Accounting Standards Board (FASB). (2020). Statement of Financial Accounting Standards No. 166: Accounting for Transfers of Financial Assets.
  • Koller, T., Goedhart, M., & Wessels, D. (2010). Valuation: Measuring and Managing the Value of Companies (5th ed.). Wiley.

Related Assignments