User Account

All Pages

What total amount capitalized for this patent through july

Assignment Help Financial Accounting
Reference no: EM132864606

Problem i: Laguna Company incurred P900,000 of research and development cost to develop a product for which a patent was granted on January 2, 2009. Legal fees and other costs associated with the registration of the patent totaled P200,000. On July 31, 2009, Laguna paid P400,000 for legal fees in a successful defense of the patent. The total amount capitalized for this patent through July 31, 2009 should be

a. P1,500,00

b. P1,100,000

c. P 600,000

d. P 200,000

 

Reference no: EM132864606

Questions Cloud

What the amount of amortization that should be recognized : Alaminos Company, The company reports on a calendar-year basis. The amount of amortization that should be recognized for 2009 is
What is the wto role in promoting global free trade : What is the WTO's role in promoting global free trade and ruling on the fairness of tariffs?
Designing the accounting control system : Think back to the Revenue Transaction Cycle Control Documents handout, the textbook and work done in our classes.
What social responsibility means to you personally : Briefly describe what social responsibility means to you personally. Do you think business organizations should be socially responsible?
What total amount capitalized for this patent through july : Laguna paid P400,000 for legal fees in a successful defense of the patent. The total amount capitalized for this patent through July 31, 2009 should be
What the gain on disposal of property to be recognize : Lenny Co. purchased an investment property on January.What the gain (loss) on disposal of property to be recognized for the year ended December 31, 2020 must be
Introduction to epidemiology : -Definition: What exactly is epidemiology in healthcare? Provide two solid examples of the application and successful outcome of the use of epidemiology in heal
Forecasting and planning : Describe their business model and explain their supply chain strategy. Discuss the global challenges that they face in their supply chain.
Describe the role of information technology in globalization : Describe the role of information technology in globalization. Define the digital divide and explain Nielsen's three stages of the digital divide.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare monthly cash budget for the next three months

The controller of Dash Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: March April May Sales $104,000 $131,000 $164,000 Manufacturing costs 44,000 56,000 59..

  Find value of using cost behavior analysis to management

Analyze the cost components of the primary manufacturing process and examine the significance of cost behavior analysis to the company.

  Manufacturing overehad has an over allocated balance

Manufacturing overehad has an over allocated balance of 7500, raw materials inventory of 62000 works in process of 34000 finished goods of 25000 and a Cost of goods sold is 135000. After adjusting for the over allocated manufacturing overhead what is..

  Calculation of depreciation under slmhendricks construction

calculation of depreciation under slm.hendricks construction purchased a crane on january1 2007 for 102750. at the time

  Customer use to bring suit against the auditors

What theory of liability might a customer use to bring suit against the auditors? What documentation should the auditors prepare regarding their assessment of the risk of material misstatements resulting from fraud?

  Calculate the realized gain on the sale of stock

Calculate the realized gain on the sale of stock in 2017 that Whiteside should report - In 2016, Whiteside Catering purchased 60,000 shares of Roush Organic

  Prepare the investment-related asset balance sheet

Prepare the investment-related asset and stockholders' equity balance sheet presentation for Forte Inc. on December 31, 2017.

  Inventory warehouse

The goods were placed immediately in the inventory warehouse

  What is the amount of natures retained earnings at the end

What is the amount of nature's retained earnings at the end of 2019. Would you recommend that your company credit to nature under these terms?

  Make journal entries to record the transactions

Prepare journal entries to record these transactions. Suggest improvements to the internal controls of Simpson's petty cash fund

  What is the markdown and selling price

A t-shirt that usually sells for $20.99 is on sale for $15.99. Golf clubs that usually sell for $299.00 are 30% off. What is the markdown and selling price?

  Which statement about depreciation is false

Which statement about depreciation is false? You always have to make adjustments to the depreciation percentage in the aquisition and disposal years.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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