What amount would be expensed

Assignment Help Accounting Basics
Reference no: EM132758478

Question: Bio-lab pharmaceuticals carried on a project to develop a new drug that dramatically shortened the recovery period for flu infection. The project cost the company $150,000 before Bio-lab abandoned the project due to the slim possibility to gain FDA approval. Bio-Lab then spent $300,000 on another project developing a kind of shot that achieves the same goal for flu recovery and the company is confident in gaining FDA approval for the new shot and in making profits out of the shot. What amount would be expensed?

Reference no: EM132758478

Questions Cloud

Provide the journal entries to record the investments : Book value at $8,000, accumulated depreciation at $2,000, and a market value at $5,000. Provide the journal entries to record the investments
Find what monthly compounded nominal rate of interest earn : 4.68% compounded monthly until she begins to? travel, what monthly compounded nominal rate of interest must she earn after she starts to? travel?
Project initiation and payback analysis : Product scope description - describes the characteristics of the product, service, or result that the project was undertaken to create.
Find how would lawsuit affect the financial statements : The claim will be going to court in October 2021. How would this lawsuit affect the financial statements of XYZ at December 31, 2020 under ASPE? Explain
What amount would be expensed : Bio-lab pharmaceuticals carried on a project to develop a new drug that dramatically shortened the recovery period for flu infection. The project cost the.
What is product or service your business will sell : What is the product or service your business will sell? This should be a fairly detailed description.
What is the journal entry to record the sale : Complete the perpetual inventory sheet (following page) assuming the FIFO inventory costing methods: What is the journal entry to record the sale on December.
Describe relation between profit margin and asset turnover : Describe the relation between profit margin and asset turnover. Describe return on net operating assets and its relevance for analysis.
How much lean techniques has improved firm efficiency : Evaluate how this firm uses lean strategies and how much lean techniques has improved the firm's efficiency.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd