User Account

All Pages

How much is the loss from the patent obsolescence

Assignment Help Financial Accounting
Reference no: EM132894061

Dragon Fruit Trading spent P1,440,000 in acquiring a patent on January 3, 2012. Due to the competitive nature of the product, the patent was estimated to have a useful life of 10 years. At the beginning of 2016, the company paid P180,000 for legal fees in a successful defense of the patent. On July 1, 2020, a competitor obtained rights to a patent which made Dragon Fruit's patent obsolete.

Problem 1: How much is the loss from the patent obsolescence?

a) P216,000
b) P243,000
c) P261,000
d) P396,000

Reference no: EM132894061

Questions Cloud

What will be annual return on invested in the fund : What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day?
Calculate the value of investment that pays every two years : Assume the annual interest rate is 6%. Calculate the value of an investment that pays $100 every two years, starting two years from now and continuing forever.
What steps need to be taken prior to making the conclusion : What steps need to be taken prior to making the conclusion the test is "biased" in the psychometric sense? How can a determination be made regarding whether
Topic - Should gene therapy be used : Topic - Should gene therapy be used? Your research review should address at least three (3) aspects of the issue that is the subject of your paper
How much is the loss from the patent obsolescence : How much is the loss from the patent obsolescence? Dragon Fruit Trading spent P1,440,000 in acquiring a patent on January 3, 2012.
What is the balance of the revaluation surplus account : What is the balance of the revaluation surplus account on December 31, 2021 assuming that piecemeal realization of revaluation surplus is in order?
How many years are needed to double a investment : Using the Rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 8.50 percent per year?
Case Study of a Contemporary Supply Chain : Case Study of a Contemporary Supply Chain - Quality of presentation, including use of diagrams and charts to support arguments and discussion
How much more money will need : How much will his $14,188 savings be worth in 5 years? Will Mr Lee have $50,000 he needs? If not, how much more money will he need?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate quality of accounting information for organization

Evaluate the quality of accounting information for an organization, including the economic content and earnings sustainability. Use technology and information resources to research issues in financial analysis and reporting.

  Explain why the npv of a relatively long-term project

Explain why the NPV of a relatively long-term project, defined as one for which a high percentage of its cash flows are expected in the distant future

  Why will bonuses be negatively affected

Danville Bottlers is a wholesale beverage company. Danville uses the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. Why will bonuses be negatively affected? What is..

  What is the annual depreciation for years

What is the annual depreciation for years 1, 3, and 6 for this asset, using the fixed depreciation percentages given by MACRS?(The percentages are 20.00%)

  How much is the loan amount going to be

What will your monthly payments be if the interest rate is 6%? What will your monthly payments be if the interest rate is 7%? You want to buy a $191,000 home

  Problems in the evaluation of foreign financial statements

There are certain problems in the evaluation of foreign financial statements that restricts the smooth running of business operations. The accessibility of data is a major challenge where financial information difficult in many countries. Do you thin..

  What the share of rizal in the distribution of cash would be

What the share of Rizal in the distribution of cash would be? As of December 31, 2016, the books of RST Partnership showed capital balances of: Rizal, P160,000.

  What monthly lease payment due in advance

What monthly lease payment due in advance should be charged for a tract of land valued at $135,000 if the agreed interest is 8.15% compounded semi-annually

  What is the present worth of an income stream

Each of the following scenarios is independent. Utilize the appropriate future value or present value table, and calculate the requested amount. Then, if available, utilize the related function in an electronic spreadsheet (or financial calculator) t..

  Calculate a effective interest schedule

Calculate a effective interest schedule and distinguish between the allocation of interest payments and interest expense for each reporting period

  Determine the best case and worst case NPV of projection

K-Line Corporation is evaluating a project that costs RM924,000.00, Determine the best case and worst case NPV of this projection

  Information relates to the supplies account

The following information relates to the supplies account of ABC Company: ABC Company reported supplies expense of $17,000 in its 2015 income statement and purchased $23,000 of supplies during 2015. Calculate ABC Company's supplies balance at January..

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