User Account

All Pages

What amount should the company charge to patent

Assignment Help Accounting Basics
Reference no: EM132944492

Question - Black Inc. incurred P816,000 of research and development costs in its laboratory to develop a product and have it patented. The patent was granted on January 02, 2020. Costs of PI 52,000 were incurred in the registration of the patent. The estimated economic life of the patent is 8. What amount should the company charge to patent amortization expense for the year ended December 31, 2020?

Reference no: EM132944492

Questions Cloud

Did Enron bankruptcy involve fraud : In the fall of 2001, Enron, the eighth largest corporation in the United States, From your reading about this famous case, did Enron's bankruptcy involve fraud
Calculate the ending inventory, COGS and Gross profit : Calculate the ending inventory, COGS and Gross profit under FIFO and LIFO, assuming that the company uses periodic inventory system
Find the duration of a bond : Find the duration of a bond with a settlement date of May 27, 2023, and maturity date November 15, 2034. The coupon rate of the bond is 5.0%
What is the option value for purcell industries : According to the Black-Scholes option pricing model, what is the option's value? Do not round intermediate calculations. Round your answer
What amount should the company charge to patent : The estimated economic life of the patent is 8. What amount should the company charge to patent amortization expense for the year ended December 31, 2020
Prepare the appropriate journal entries to remove equipment : The equipment was sold for $24,000. Prepare the appropriate journal entries to remove the equipment from the books of Bradly Company on March 31, 2008
What difference between a cetes and other similar debt : What difference between a Cetes and other similar debt instruments is as follows? Which All are issuers of financial assets in a Financial System, except?
Determine the adjusted cash balance per books : Given the following information, determine the adjusted cash balance per books from the following information: Balance per books as of June 30, $7,300
Discuss the conditions that would lead to an accounting loss : Discuss the conditions that would need to exist for this bond to be refunded at an economic loss. Discuss the conditions that would lead to an accounting loss.

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.

  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

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