During the year just ended, Jase Co. incurred research and development costs of $136,000 in its laboratories relating to a patent that was granted on July 1. Costs of registering the patent equaled $34,000. The patent’s legal life is 20 years, and its estimated economic life is 10 years. In its December 31 balance sheet, what amount should Jase report for the patent, net of accumulated amortization?

$34,000 - {(34000 * 10)*6/12}

= 34000 - 1700

= $32,300 should be reported in the balance sheet as at December 31

Step-by-step explanation:

According to US Generally Accepted Accounting Principles (GAAP), most research and development cost are to be expenses in the year they are incurred as opposed to IFRS that permits the capitalization of development aspect of R&D cost.

Therefore the $136,000 is expensed in the income statement while the costs of registering the patent - $34,000 should be capitalized as an intangible asset in the balance sheet.

Amortization is computed on lesser of legal life and economic life = 10 years

∴ 34000/10 = $3400 for a year

since the patent was registered in July, amortization is for half of the year year

= 3400 * 6/12 = $1700

- "runner b is moving at a slower rate."

- "the graphs shown are graphs of distance(km) against time(min).

the slopes of this graphs are are given by:

slope = (change in y)/(change in x)

= (change in distance)/(change in time)

this is the formula for finding the speed. so, the slope of these graphs represent the speed of the runner.

taking each division in the graph to represent 1 on both axis:

runner a ⇒ speed = (2-0)/(1-0)

= 2/1

= 2 km/min

runner b ⇒ speed = (3-0)/(3-0)

= 3/3

= 1 km/min

this shows that   runner b is moving at a slower rate."

solution:

we have to construct

∠m nt ≅ ∠p qr

the steps to draw this construction are

step 1: use a compass to draw an arc from point q which intersects the side pq at point a and the side qr at point b.

step 2: draw a segment nt and use the same width of the compass to draw an arc from point n which intersects the segment nt at a point x.

step 3:

step 4: join points n and y using a straightedge.

step 3:

option (d).maintaining the same width of the compass as ab, draw an arc from point x such that it intersects the arc drawn from n in a point y.

to draw   congruent angles , 1. width of compasses while drawing two angles should be same i.e from point at which angle has to be drawn, 2.the distance between the two points where the compass intersects the two sides should be same while drawing any two congruent angles.