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Question - Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $19.80 million cost of the patent on a straight-line basis since it was acquired at the beginning of 2017. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. The decision was made at the end of 2021 (before adjusting and closing entries).
What is the appropriate adjusting entry for patent amortization in 2021 to reflect the revised estimate?
ABC Inc has earnings before interest and taxes of $149000. The tax rate is 34%. What is ABC weighted average cost of capital
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FNSACC507 Provide management accounting information - Calculate the percentage and cost of the total cost for each allocation
What quantitative and qualitative factors would influence your decision?
Barbara Company uses a Job Order Costing System. During the month the following transactions were completed. Record the journal entries for each transaction
Lubricants and supplies are both elements of variable manufacturing overhead. The variable overhead rate variance for lubricants is closest to
Demonstrate what is the Sales Revenue, Assuming there are no other items to be considered and that the Income Taxes are 25% of Net Income Before Taxes?
1. the globalization of business activity has resulted in which of the following?a.nbsp increased corruption and
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Both the coupon rate and the yield are expressed as decimals, e.g. 12% pa is expressed as .12. Calculate the price accurate to two decimal places
On November 1, Year 1, Noble Co. borrowed $80,000 from South Bank and signed a 12%, How much interest expense will Noble recognize
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