Answer:
Find the interest accrued over this time period
$4098,25
Explanation:
Borrow I% interest
Year 1 26000 5% 1300 27300
Year 2 27300 5% 1365 28665
Year 3 28665 5% 1433,25 30098,25
4098,25
Answer:
Explanation:
The question is asking fro the Reporting of the two copyrights in Skysong's balance sheet as at December 31,2020
Assumption: The first copyright was developed internally while the second copyright was purchased from the University Press
<u>Based on this assumption, therefore, </u>
For Copyright one: Since it was developed internally, it will not reflect in the balance sheet, it will not be recognized as an asset because it does not have any separate legal rights different from the organisation that developed it. As such it will be recorded in the Income statement as an expense
For Copyright two: This is an intangible asset with an indefinite number of useful life. Hence, $32,000 will be reported in the balance sheet as an intangible asset but the cost will only be tested for impairment and not amortized.
Answer:
8+12=+(12—8)=4 l3+(—6):+(l3—6):7 Copyriglat 2013 Cengage Learning. ... 5 43 8 6, 6, , 0, , 1, 2, 2, , 6 π − − − (a) Natural numbers: { } 1, 2, 6 (b) Integers: { } 6 ... 2, 6 − (c) Rational numbers: { 5 4 6, , 0, − } 3 8 , 1, 2, 6 − (d) Irrational numbers: ... x = Inequality: 200 700 x ≤ ≤ The number line shows 2.5 2 − <
Explanation:
Answer:
A) On the 32,000 sale it will be considered a 18,000 gift to the buyer.
Because is above the 15,000 gift per person per year, it will trigger the gift tax.
B) 70,000 will generate a long-term capital gain of 20,000
C) gift of 5,000 it will not trigger the gift tax.
Explanation:
When the sale is below market value, it is treated as a gift to the buyer.
The capital gain or losses are considered using the adjusted basis.
Because Holly acquiredthe land for more than a year, it will be cosnidered a long-term capital gain if any.
Answer:
intangible assets
market value of assets
extra earning power
Explanation:
As an accounting principle, going concern value means the value of a business or its assets considering that the business will continue to operate in the reasonable future. This is the opposite to the value assigned to assets or businesses that are being discarded or liquidated.
When you are trying to valuate a company, you have to consider the fair market value of its assets, its intangible assets, and its earning power (its ability to make higher than average profits).
The past share price is not useful in determining the present of the company and the value of future investments cannot be included until the investments are carried out.
