Tripiani inc incurred 600000 of capitalizable costs to

Assignment Help Accounting Basics
Reference no: EM13601834

Tripiani Inc. incurred $600,000 of capitalizable costs to develop computer software during 2011. The software will earn total revenues over its 5-year life as follows: 2011 - $500,000; 2012 - $600,000; 2013 - $600,000; 2014 - $200,000; and 2015 - $100,000. What amount of the computer software costs should be expensed in 2011?

Reference no: EM13601834

Questions Cloud

Jenks corporation acquired linebrink products on january 1 : jenks corporation acquired linebrink products on january 1 2010 for 4000000 and recorded goodwill of 750000 as a result
Skyways airlines acquires a new aircraft it has an : skyways airlines acquires a new aircraft. it has an estimated life of 15 years and should be used for 15000 hours of
This exercise ilustrate that poor quality can affect : this exercise ilustrate that poor quality can affect schedule and cost. a manufacturing process has 100 customer order
To study in detail the surface of the moon it is planned to : to study in detail the surface of the moon it is planned to put a geo-synchronous satellite in orbit about the moon.
Tripiani inc incurred 600000 of capitalizable costs to : tripiani inc. incurred 600000 of capitalizable costs to develop computer software during 2011. the software will earn
If the x component of acceleration is ax14t2 ms2 where t : a rocket is fired from rest at x0 and travels along a parabolic trajectory described by y2120103xm. if the x component
Denton company has a large portion of its plant assets : denton company has a large portion of its plant assets concentrated in an area where technology is changing rapidly.
Blue sky companys 123110 balance sheet reports assets of : blue sky companys 123110 balance sheet reports assets of 5000000 and liabilities of 2000000. all of blue skys assets
Discuss whether the following situations should be modeled : discuss whether the following situations should be modeled as closed systems or open systems. clearly define the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beka company owns equipment that cost 56260 when purchased

beka company owns equipment that cost 56260 when purchased on january 1 2008. it has been depreciated using the

  John dies and his estate receives a distribution from his

john dies and his estate receives a distribution from his employers qualified pension plan of 2 million dollars

  A firm has total assets of 3000000 it has 1200000 in

a firm has total assets of 3000000. it has 1200000 in long-term debt. the stockholders equity is 1000000. what is the

  Read through this article and then lets take a poll of our

read through this article and then lets take a poll of our own. do you feel the amount you pay in income taxes are

  Loewen group expansion from funeral homes

Discuss whether Loewen Group expansion from funeral homes to cemeteries affected its horizontal or vertical boundaries or both.

  During a year southside metals reported income tax expense

during a year southside metals reported income tax expense of 200000. the amount of taxes currently payable remained

  Profit or gain embedded within the income of the sales

Determine the financial impact, both positive and negative, of excluding such sales completely or of merely excluding the profit or gain embedded within the income of the sales.

  Byrd corporation acquired real estate that contained land

byrd corporation acquired real estate that contained land building and equipment. the property cost byrd 850000. byrd

  Jan contributes property having a 15000 fair market value

jan contributes property having a 15000 fair market value and an 8000 adjusted basis and also renders legal services

  Compute the margin of safety and margin of safety ratio

Compute the margin of safety and margin of safety ratio.

  Schneider company uses installment sales method below is a

schneider company uses installment sales method. below is a summary of its sales cost of goods sold and gross profit

  Depreciation difference and warranty expense

Neer's income statement also included $225,000 accrued warranty expense that will be deducted for tax purposes when paid. Neer's enacted tax rates are 30% for 2007 and 2008, and 24% for 2009 and 2010. The depreciation difference and warranty expen..

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