Answer:
$135000
Explanation:
Cole should record the patent at $135000. The intangible asset is recorded at the price at which it was purchased. Net carrying value of $160000 in the books of seller is not useful.
At the time of purchase of intangible asset, the fair value of stone stock exchanged was $45.
So the patent cost is =
3000 shares × $45 per share = $135000.
Cole should record the patent at this value.
Answer:
the yearly depreciation expenses are $ 1, 144,571.43
Explanation:
First determine the Cost of the PPE
in terms of IAS 16, the cost of a PPE item includes the Purchase Price and any direct costs related to placing the asset in the condition and location intended for use by management.
<u>Cost of the PPE item</u>
Purchase Price $ 5,000,000
<em>Add</em> Delivery and Installation Costs $12,000
<em>Add</em> Building Costs $ 3,000,000
Total Cost $8,012,000
Then Calculate the Depreciation
Depreciation on Straight Line = Cost/Useful Life
= $8,012,000 / 7 years
= $ 1, 144,571.43
Entrepreneurs are most likely to give up more equity in their businesses in the <u>startup </u>phase of their companies than in any other.
The practice of obtaining money through the selling of shares is known as equity financing.
Companies raise money because they can need it to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.
A firm effectively sells ownership in their business when it sells shares in exchange for money.
Many different forms of equity funding exist, such as an entrepreneur's friends and family, investors, or an initial public offering (IPO).
Private businesses that want to issue new shares of stock to the public must first go through an IPO procedure. A business can raise funds from the general public by issuing public shares.
To learn more about Initial Public Offering (IPO) here
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Answer:
The correct answer is True.
Explanation:
Crop-share lease is a contract whereby one party, which is called the owner, agrees with another, which is called sharecropper, the mutual collaboration of a rural estate or a portion thereof, in order to divide each other the fruits or utilities that result from the exploitation
The Crop-share lease contract must always be in writing, authenticated before the judge of the respective municipality or, failing that, before the mayor where the property is located.