This workout asks us to calculate the ending amount of intangibles We've been given a lot of information to try and help us If you want to pause the recording and have a go, please do now So in order to forecast the ending amount of intangibles, I'm thinking I'm going use BASE analysis (B, A, S, E) to help me out here So B stands for beginning (I need to look for my beginning amount of intangibles) and I can see that right here It says ending amount of intangibles in the prior year but that is going to translate into the beginning amount of intangibles in the current year So we can start off with that Beginning intangibles 5,650 I now ask myself, are there any items that I could add onto that, that would make that go up? And there are a couple that I see The first one I see, is the trademarks purchased and the next one I see are the licenses purchased So let's put those two in, licenses and trademarks purchased I now ask, is there any reason that I would need to subtract some figures from my intangibles? There are a couple here. The first one I see is the amortization of the licenses So that's the planned reduction in value of those licenses of 135 A second one I also notice, is the book value of the radio license sold So one of the radio licenses has been sold, that is going to reduce the value of your intangibles So that's the next two items down, we're going to subtract the amortization of licenses and subtract any other reasons that we might have a reduction in value That's that one there What I now need to do is put them altogether to get to my ending intangibles, so I'll start with beginning 5,650 Add on the the two purchases Subtract off the amortization and the sale, to eventually get to my ending intangibles It's important to add on here that we should only be using "BASE" analysis when trying to forecast figures like intangibles into the future If I use them in the past, there may be many other additions and subtractions that I did not expect to include So we only use "BASE" analysis when going forward