Amortization for a patent

Reference no: EM1356588

A company purchases a patent for $900K with an estimated life of 15 years. It is subsequently reduced to 10 years. During year 5, the product for which the patent is held is removed from market.

Does the company book 90,000 in depreciation for year 5? If not, what amount do they book?

Reference no: EM1356588

Questions Cloud

Restructuring existing businesses : sticking closely with the existing business lineup and pursuing available opportunities.

Explicit set of rules when it comes to brainstorming : Describe why you think its important to set high-quantity goals when it comes to brainstorming in groups and why there should be explicit set of rules when it comes to brainstorming.

What is the speed of the runner at the end of the race : A handball of mass 0.10 kg, traveling horizontally at 25 m/s, strikes a wall and rebounds at 19m/s. What is the change in the momentum of the ball.

Payroll journal entry : Maggie Moo's Ice Cream Shop had a gross pay of $19,000 and a net pay of $13,200 for the latest payroll. The journal entry to pay the payroll would be:

Amortization for a patent : A corporation buy a patent for $900K with an estimated life of 15 years. It is subsequently reduced to ten years. During year 5, the product for which the patent is held is removed from market.

Write a program to find solution tocryparithmetic puzzle : Write a program (Crypta.java) that finds a solution to the cryparithmetic puzzle: TOO + TOO + TOO+ TOO = GOOD

Show communication between leaders and followers : Explain what might be any conceivably different impacts, considerations, or challenges leaders then faced in the mid-1940s vs. our current time regarding innovation, change, and teaming?

Interview model for family therapy or counseling : What are the specific steps in the Interview Model for Family Therapy/Counseling, e.g. the Systemic Contextual Approach?

Make a pro forma income statement : To purchase a new home you take out a 25 year mortgage for $300,000. What will your monthly interest rate payments be if the interest rate on your mortgage is 8%

User Account

All Pages