Reference no: EM132995767
Questions -
Q1. Norski Company reported these at year-end: Franchise = €1,000,000; Computer software = 1,500,000; Patent = 3,000,000; Deposit with publishing company to promote goodwill = 400,000; Copyright = 700,000; Goodwill = 4,000,000; Trademark = 900,000; Research and development cost = 2,000,000. What total amount should be reported as intangible assets?
Q2. At January 1, 2005, an entity reported patent cost of € 1,920,000 and related accumulated amortization of €240,000. The patent was purchased on January 1, 2003, at which date the remaining legal life was 16 years. At January 1, 2005, the useful life of the patent was determined to be only 8 years from the date of acquisition. At January 1, 2005, the entity paid € 800,000, of which three-fourths was for a trademark, and one-fourth was for copyright with a useful life of 5 years. The entity considered the life of the trademark indefinite. Moreover, the entity agreed to pay €50,000 to another entity as consulting fee each year for 5 years payable every January 1. What is the total carrying amount of intangible assets on January 1, 2005? Determine the total amount of expenses that should be recognized for 2005?
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What is its principle stream worth
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What is the relationship between expected return and yield
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What was the most recent annual dividend per share paid
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Calculate Walt realized gain
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What is the total carrying amount of intangible assets
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Analyzing the bonds issued by foreign governments
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Who is primarily responsible for the fairness
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Estimate cash receipts for each month of the first quarter
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What is the minimum monthly payment for May
: At the end of May, the company had a credit card bill of $18,459.47. What is the minimum monthly payment for May
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