How much should gotting record retrospectively

Assignment Help Accounting Basics
Reference no: EM131569597

Question - Gotting Company bought a copyright for $150,000 on January 1, 2013, at which time the copyright had an estimated useful life of 15 years. On January 5, 2016, the company determined that the copyright would expire at the end of 2017. How much should Gotting record retrospectively as the effect of change?

Reference no: EM131569597

Questions Cloud

Discuss the benefits of employee empowerment : Empowerment Can Be a Tough Sell"We are the market leader in our field" said Mark Hansen, CEO of Gosport Shipbuilding Inc. (GSI).
What is the percentage change in the bond price : what is the percentage change in the bond's price as predicted by the duration formula?
Create a schedule showing the cost of the assets : Laural Company paid $840,000 cash for real property consisting of a tract of land and a building. Create a schedule showing the cost of the assets acquired
Receivables investment-led to on-time payments : How much capital would be released if Leyton could take actions that led to on-time payments?
How much should gotting record retrospectively : Gotting Company bought a copyright for $150,000 on January 1, 2013, How much should Gotting record retrospectively as the effect of change
Find the cost of goods sold per unit : A corporation manufactures a specialty line of dresses using a job-order costing system. If job J-1 resulted in 1,200 good dresses, find the cost of goods sold
Cash in particular money market investment : The treasurer of a large corporation wants to invest $20 million in excess short-term cash in a particular money market investment.
What is the fee to run the fund for year two : You invested $1,250,000 with a market-neutral hedge fund manager. What is the fee to run the fund for year 2? What is the performance fee-if any,
When the fed purchases us treasury securities : When the Fed purchases U.S. treasury securities, bank reserves will

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.

  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!

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