Solution-What amount should Cullumber report for intangible

What amount should Cullumber report for intangible assets

Assignment Help Accounting Basics

Reference no: EM132563336

Question - Cullumber Corporation has the following account balances at 12/31/18:

Amortization expense $14500

Goodwill 269000

Patent, net of $54500 amortization 149000

What amount should Cullumber report for intangible assets on the 12/31/18 balance sheet?

Reference no: EM132563336

Questions Cloud

Explain how business technology applications : Explain how business technology applications can be used to schedule tasks and plan work. Include description of the types

What goodwill impairment should be recognized by wildhorses : The fair value of Special Products Division is $6500000 and carried on Wildhorse's books for a total of $5600000, What goodwill impairment should recognized

Interactions between each big data characteristic : Additional study must be performed on the interactions between each big data characteristic,

Resilience of the us electricity system : According to the article, "Resilience of the U.S. Electricity System: A Multi-Hazard Perspective,"

What amount should Cullumber report for intangible assets : Cullumber Corporation has the following account balances at 12/31/18: What amount should Cullumber report for intangible assets on the 12/31/18 balance sheet

Provide future economic benefit : Company owns that can provide future economic benefit. Liabilities are what you owe other parties. Distinguishing between Assets and Liabilities.

Explain between owners equity and owners capital : Accumulated profits, general reserves and other reserves, etc. So describe the Owners' Equity and also Distinguishing between Owners' Equity and Owners' Capital

Find the depreciation expense for the first full year : If the salvage value is $1120000, and the useful life is 40 years, find the depreciation expense for the first full year using the straight-line method

Demonstrate comprehension and analysis : Demonstrate comprehension and analysis to at least three of your peers' posts. You may consider answering questions

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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

User Account

All Pages

What amount should Cullumber report for intangible assets

Reference no: EM132563336

Reference no: EM132563336

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT