Answer:
The answer is: $113,000
Explanation:
By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.
Answer:
The answer is $61,000
Explanation:
An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).
The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.
Impairment Loss = Book Value – Market Value
Impairment Loss = $177,500 - $116,500
Impairment loss is $61,000
Answer:
2.49%
Explanation:
The period 't' between 2015 and 1885 is:
The annual rate 'r' at which the original $0.02 value has been compounded over 130 years to reach a value of $0.49 is determined by:
![0.49 = 0.02*(1+r)^{130}\\r=\sqrt[130]{24.5}-1\\ r=0.0249 = 2.49\%](https://tex.z-dn.net/?f=0.49%20%3D%200.02%2A%281%2Br%29%5E%7B130%7D%5C%5Cr%3D%5Csqrt%5B130%5D%7B24.5%7D-1%5C%5C%20r%3D0.0249%20%3D%202.49%5C%25)
The cost of first-class postage has experienced an annual increase of 2.49% over this period.
Answer:
The correct answer is letter "A": are shortcuts that save time and energy in decision making.
Explanation:
Heuristics is a practical technique for problem-solving. It is creative at the moment of taking decisions and can be applied to any matter of study. Sometimes heuristics are emotionally-based but in some other cases, it is knowledge-influenced. <em>While heuristics can save an individual's time and energy it could not lead them to make the best choice.</em>
Edie's contract includes an <u>Appraisal contingency </u>, it gives her the right to pull out of the deal if the house doesn't appraise at the agreed upon sale price.
A property's appraised value is determined by a professional real estate appraiser. As opposed to this, buyers determine a property's market value by paying whatever price they are willing to pay for it. An offer is subject to a contingency if a certain condition is not met. To put it another way, it functions similarly to a safety net. If the appraised value of the property is lower than the purchase price, the buyer can back out of the contract and keep the down payment. The home's true market worth is established through an appraisal.
To know more about Appraised Value refer to:
brainly.com/question/27939636
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