Reference no: EM132246545
Questions -
Q1. Flint Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash flows from the use of the asset are expected to be $520,000. The fair value of the equipment is $416,000.
Prepare the journal entry, if any, to record the impairment loss.
Q2. Sarasota Corporation purchases a patent from Ivanhoe Company on January 1, 2017, for $72,000. The patent has a remaining legal life of 16 years. Sarasota feels the patent will be useful for 10 years. Assume that at January 1, 2019, the carrying amount of the patent on Sarasota's books is $57,600. In January, Sarasota spends $32,800 successfully defending a patent suit. Sarasota still feels the patent will be useful until the end of 2026.
Prepare the journal entries to record the $32,800 expenditure and 2019 amortization.
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Analyze the risk factors for breast cancer
: If you were Rachel's healthcare provider, what would you do? Provide a rationale for your response. Include the pathological processes associated with breast.
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Describe the impact of intermodal transportation
: Describe the equipment to be utilized, such as truck trailer-on-flatcar, container-on-flatcar, or intermodal-surface containers.
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What diagnosis is consistent with john history
: John is a 76-year-old man with a long history of stable angina and hypertension. He is prescribed nitroglycerin tablets as needed for chest pain and lisinopril.
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Explain the importance of organizational culture
: Assess three organizational policies or practices, as found in the reading and outside research, which can increase unethical behavior among employees.
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Prepare the journal entries to record the expenditure
: Sarasota Corporation purchases a patent from Ivanhoe Company on January 1, 2017, for $72,000. Prepare the journal entries to record the expenditure
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What are pathophysiological findings specifying bronchitis
: Charlene is a 55-year-old female who has had emphysema problems for many years. She has a 20-year history of tobacco use. Today, Charlene was seen.
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Is one of you more likely than the other to go ahead
: You and your friend Samantha wish to see the new action movie at the IMAX Theater.
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What tests would you order to confirm your diagnosis
: What are your differential diagnoses? Include the pathological process involved with your diagnosis. What tests would you order to confirm your diagnosis?
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At what amounts should each of the three assets be recorded
: The estimated fair values of the assets are land $84,000, building $308,000, and equipment $112,000. At what amounts should each of the three assets be recorded
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