User Account

All Pages

Discuss how the company should account for the cost

Assignment Help Accounting Basics
Reference no: EM132806495

A company that sells DVDs by sending emails to prospective customers has acquired a customer list from another company that also markets its products in a similar fashion. The company estimates that it will generate sales from the list for a minimum of 2 years and a maximum of 3 years. The company intends to add names to the list from answers to a questionnaire attached to each of the emails. This should extend the useful life of the list for another year.

Required

Problem 1: Discuss how the company should account for the cost of the customer list. If the cost is capitalised, discuss the determination of the useful life over which the asset is amortised.

Reference no: EM132806495

Questions Cloud

What amount should monty report as december inventory : What amount should Monty report as its December 31 inventory? Monty Ltd. took a physical inventory count on December 31 and determined that goods costing
Describe the meaning of strategic decision : Describe the meaning of strategic decision and give about 3 examples of strategic management decision
Discuss the possible implications of telehealth : Discuss the possible implications of telehealth on rural communities in the U.S. Using the California-based clinic, La Clinica de la Raza, as a benchmark.
Determine what went wrong with the production : In 1999, thirty Belgian children became ill after drinking Coke products that were an improperly processed batch of carbon dioxide. Governments of Belgian
Discuss how the company should account for the cost : Discuss how the company should account for the cost of the customer list. If the cost is capitalised, discuss the determination of the useful life over
Strategic management for organizations : Responses to classmates must be substantive and further the discussion by debating and advancing the key points of their post. What would be your response to th
What is the calculated mse using three-period moving average : What is the calculated MSE using the 3-period moving average? Round intermediate calculations to 4 decimals and your final answer.
Sources of power for public administrators : Clearly show how these forms and sources affect public administrators and the duties they perform.
Process theories of motivation : The psychological and behavioral processes that motivate a person to act in a particular way are referred to as process theories of motivation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd