Reference no: EM132156944
Question - Use the following information to answer the next 2 questions:
Patent #1: Acquired: January 1, 2014
Cost: $60,000
Life: Useful life - 10 years
Legal life - 20 years
The following transactions may affect intangible assets in 2015.
Jan. 1 Paid $12,000 in legal costs to successfully defend Patent #1 against infringement by another company. The life of the patent was increased by 3 years.
Jan. - May Developed a new product, incurring $30,000 in research and development costs, $10,000 in legal fees, and $10,000 in application fees with the US. Patent Office. Patent #2 for this product was granted on July 1 and is expected to have a useful life of 5 years and a legal life of 20 years.
Compute the book value of Patent #1 on December 31, 2015:
A. $66,000
B. $65,550
c. $65,864
D $58,667
E. $60,500
|
Obtain the firm short-run production function
: Production function: Q=f(L,K)=LsqrtK. Supposed that the firm operates in the short run with 16 units of capital.
|
|
How will the plan increase revenue
: Explain why both customers will be satisfied with the deal. What kind of price discrimination is this type of segmentation and how will the plan increase revenu
|
|
Intersection between average product and marginal product
: 1. Questions about average product(AP) and marginal product(MP). Briefly answer the following questions.
|
|
How do sanitary and phytosanitary standards
: How do sanitary and phytosanitary standards (SPS), including health, environmental and safety (HES) and even human rights issues, enter and be classified
|
|
Compute the book value of patent on december
: Jan. 1 Paid $12,000 in legal costs to successfully defend Patent #1 against infringement by another company. Compute the book value of Patent on December
|
|
One way for banks to reduce liquidity risks
: Holding excess reserves is one way for banks to reduce liquidity risks. Explain would banks be reluctant to hold too much in excess reserves
|
|
Estimate the cost of the inventory destroyed
: Kauai store's inventory is destroyed by a fire on September 5, 2013. Estimate the cost of the inventory destroyed
|
|
Mean by economies of scale
: What, in general, do we mean by economies of scale? Describe an example of how a financial intermediary is able to take advantage of economies of scale.
|
|
Why do you think a firm would pay its workers
: a. Why do you think a firm would pay its workers (office, warehouse, etc.) above-market wages?
|