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What is the total intangible assets on the balance sheet

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Reference no: EM132672611

Problem 1. What is true in calculation of depreciation using the declining-balance method?

a. ignores salvage value in determining the amount to which a constant rate is applied.

b. multiplies a constant percentage times the previous year's depreciation expense.

c. yields an increasing depreciation expense each period.

d. multiplies a declining percentage times a constant book value.

Problem 2. Land is generally shown on the balance sheet under what account?

a. Intangibles.

b. Investments.

c. Property, Plant, and Equipment.

d. Current Assets.

Problem 3. Given the following account balances at year end, what is the total intangible assets on the balance sheet of Janssen Enterprises.?

Cash $1,500,000

Accounts Receivable 1,000,000

Trademarks 1,200,000

Goodwill 2,500,000

Research & Development Costs 2,000,000

a. $9,700,000.

b. $5,700,000.

c. $3,700,000.

d. $7,700,000.

Reference no: EM132672611

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