Business, 12.03.2021 20:20 PuppyLover3479
In January, 2016, Pharoah Corporation purchased a patent for a new consumer product for $936000. At the time of purchase, the patent was valid for 15 years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only 10 years. During 2021 the product was determined to be obsolete due to a competitors new product. What amount should Pharoah charge to expense during 2021, assuming amortization is recorded at the end of each year
Answers: 3
Business, 22.06.2019 07:10, firdausmohammed80
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
Business, 22.06.2019 10:10, travisvb
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
In January, 2016, Pharoah Corporation purchased a patent for a new consumer product for $936000. At...
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