Solution-What amount should the patent be carried

What amount should the patent be carried

Assignment Help Cost Accounting

Reference no: EM13525428

Malrom Manufacturing Company acquired a patent on a manufacturing process on January 1, 2006 for $10,000,000. It was expected to have a 10 year life and no residual value. Malrom uses straight-line amortization for patents. On December 31, 2007, the expected future cash flows expected from the patent were expected to be $800,000 per year for the next eight years. The present value of these cash flows, discounted at Malrom's market interest rate, is $4,800,000.

At what amount should the patent be carried on the December 31, 2007 balance sheet?

Reference no: EM13525428

Questions Cloud

What amount should patent be carried on december : The present value of these cash flows, discounted at Mining's market interest rate, is $2,800,000. At what amount should the patent be carried on the December 31, 2007 balance sheet?

The smallest of several nonnegative integers : Write a Javascript that finds the smallest of several nonnegative integers. Assume that the first value read specifies the number of values to be input from the user.

Evaluate the dielectric constant of the dielectric : A parallel plate capacitor has a capacitance of 7.0 µF when filled with a dielectric. evaluate the dielectric constant of the dielectric

In order for platos and hobbes societies to work : In order for Plato's and Hobbes' societies to work, they have to be populated with fairly pliant individuals who play by the social rules. Nietzsche, however, discusses people of master morality who pursue individual ideas and passions without muc..

What amount should the patent be carried : What amount should the patent be carried on the December 31 - Malrom Manufacturing Company

Store the corresponding indices in registers ax and bx : Store the corresponding indices in registers AX and BX respectively.

Explain why complex novelty : Explain why "Complex Novelty" is important for future human society? can someone help explain to me wat is Mill's argument of Utilitarianism? And what is Kent's argument against him?

Implement a sequence recognizer : Implement a sequence recognizer

Estimate the magnitude of the electrostatic force : Two very small spheres are initially neutral and separated by a distance of 0.60 m. What is the magnitude of the electrostatic force that acts on each sphere

User Account

All Pages

What amount should the patent be carried

Reference no: EM13525428

Reference no: EM13525428

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT