Reference no: EM132585338
Question 1: On January 2, 2019, Adelphi Company purchased a patent for $260,000 plus $9,000 in legal fees. On that date, the patent had a remaining legal life of 13 years. Adelphi Company expects to use the patent for 5 years after which time it will be worthless. How much is the annual amortization expense for 2019? Round to nearest whole dollar.
Question 2: Annapolis Company was recently sold for $460,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:
Item Amount
Accounts Receivable assumed by buyer $84,000
Inventory $255,000
Property, Plant & Equipment (net) $530,000
Notes Payable assumed by buyer $685,000
Using this information, how much should be recorded as Goodwill for this transaction?
|
What is the book value of the truck at december
: If 16,000 Kms are traveled in 2001 and 24,000 Kms are traveled in 2002, what is the book value of the truck at December 31, 2002?
|
|
Create a powerpoint presentation about virtualization
: Create a PowerPoint presentation about virtualization. At a minimum, discuss what is virtualization and virtualization security. Make sure you cite five scholar
|
|
Analyze your created gantt chart and network diagram
: Analyze your created Gantt chart and network diagram. Identify two potential issues that may be a cause for concern when the project gets underway.
|
|
Which is an amount reported on the balance sheet dated march
: The tennis season runs for 6 months starting April 01, 2012. Which is an amount reported on the Balance Sheet dated March 31, 2012?
|
|
Find how much is the annual amortization expense
: Find How much is the annual amortization expense for 2019? Adelphi Company expects to use the patent for 5 years after which time it will be worthless.
|
|
Find how much should be recorded on december
: It was sold for $4,200 cash. Using this information, how much should be recorded on December 31 for the Gain or (Loss)? Round to whole dollars.
|
|
What would the general journal entries look like
: The transaction has commercial substance. What would the General Journal entries look like (without explanation) required to record the events for December 31
|
|
Compute what total value assigned to new piece of equipment
: Compute What total value assigned to new piece of equipment? The new piece of equipment is expected to have a 10 year life and a salvage value of $15,000.?
|
|
Large businesses with entrepreneurial orientation
: Why are large businesses with an entrepreneurial orientation more likely to be innovative or intrapreneurial ?
|