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Bates Company acquired patent rights on Jan 1, 2010 for $1,125,000. This has an estimated useful life of 10 years and incurred legal fees of $100,000. On January 1, 2012, the company successfully defended against a lawsuit in the amount of $100,000. The company had a total of R&D expenditures related to the patent of $300,000. Based on the information above: A. What is the total cost of the patent and the amount of amortization expense for the year ending 2010? B. At December 31 of 2012 what would be the total amount of amortization expense recorded for the year?
marison company makes two products x and y. the contribution margin for x is 2 and the contribution margin for y is 3.
sam and his sister blair both attend the state university. as a reward for their successful completion of the past year
How should Home Computer classify (for impairment testing purposes) the assets to be scrapped in the video monitor operations and the assets to be sold in the printer manufacturing operations at March 31, 2002?
The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5%(Krf)and the expected return on the common stock as a whole is 16%(Km)
A VP of operations has asked you to make recommendations at the weekly status meeting on how to improve the efficiency and effectiveness of each producing sub processes individually and as a whole.
The company requires a minimum pretax return of 15% on all investment projects. The net present value of the proposed project is closest to:
A company uses the equity method to account for an investment. This would result in what type of difference and in what type of deferred income tax?
utilizing a public policy of your choice from a local government where you reside prepare a paper assessing that
(a) Compute the actual cost per foot for materials for March. (b) Compute the materials price variance and a total variance for materials.
The books of EZ Company, a calendar year taxpayer, had the following assets and related information as of December 31, 2011. EZ's policy is to record depreciation on December 31 by way of a journal entry.
Poobah Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 1,600 direct labor hours, the work in process account will be debited and factory..
Meca Concrete purchased a mixer on January 1, 2007, at a cost of $45,000. Straight-line depreciation for 2007 and 2008 was based on an estimated 8-year life and $3,000 estimated residual value. Compute depreciation for 2009 and 2010.
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