subject
Business, 19.03.2021 03:40 valeriegarcia12

A copyright purchased on January 1, 2020, for a cash cost of $15,400. The copyright is expected to have a 10-year useful life to Springer. Goodwill of $74,000 from the purchase of the Hartford Company on July 1, 2019. A patent purchased on January 1, 2019, for $50,000. The inventor had registered the patent with the U. S. Patent and Trademark Office on January 1, 2015. Springer intends to use the patent for its remaining life. Required: 1. Compute the amortization expense of each intangible for the year ended December 31, 2020. The company does not use contra-accounts. 2a. Show how the expenses related to the three intangible assets should be reported on the income statement for 2020. 2b. Show how the three intangible assets should be reported on the balance sheet for 2020. (Assume there has been no impairment of goodwill.)

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 14:20, demetriascott20
Xt year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be provided in addition to the annual raise, if productivity goals are reached. assuming the goals are reached, how much will baldwin pay its employees per hour?
Answers: 2
image
Business, 22.06.2019 12:20, kayleewoodard
Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.
Answers: 1
image
Business, 22.06.2019 16:50, taylorb9893
According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses
Answers: 2
image
Business, 22.06.2019 18:30, lebronbangs8930
> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.
Answers: 1
You know the right answer?
A copyright purchased on January 1, 2020, for a cash cost of $15,400. The copyright is expected to h...

Questions in other subjects: