1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr-060686 [28]
4 years ago
7

On January 2, 2019, Adelphi Company purchased a patent for $235,000 plus

Business
1 answer:
Ymorist [56]4 years ago
4 0

Answer:

The annual amortization expense for 2019 will be $35000.

Explanation:

The amortization expense for the patent calculated based on the useful life of patent. The purchase of value of $235000 plus $10000 gives the total value of $245000 while use the patent of 7 years.

The formula for amortization expense = (Cost of patent - Residual value ) / Useful life of patent)

amortization expense = ($245000-0)/7 = $35000

The legal life would not count due patent in business use for limited life compare to legal life of patent.

You might be interested in
Do you think a nation’s output should be distributed according to income or according to some other standard (such as basic huma
melomori [17]

Answer:

i think that income is built for order and human need

Explanation:

if we distributed according to human need that's technically a communist country

8 0
3 years ago
Jess, Frank, and Ted are coworkers at Crossroad Inc. Having worked at CI for five years now, the three are discussing their care
Papessa [141]

Answer:

c. affective commitment.

Explanation:

Based on the information provided within the question it can be said that in this scenario Ted is exhibiting affective commitment. This refers to the level of degree in which a person "wants" to continue working at the company in which they currently work. For Ted, he wants to continue working at CI because of the relaxed atmosphere and his friends. He does not feel a sense of debt to the company or believes he "needs" to stay, but instead decides he "wants" to stay everyday.

8 0
3 years ago
Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5
Alinara [238K]

Answer: $79.30

Explanation:

Cost of the house = $96400

Down payment = 25% × $96400 = $24100

Mortgage = $96400 - $24100 = $72300

Interest = 5.5%

Time = 5 years

Monthly payment.= $410.66

The interest for first payment will be:

= $72300 × 5.5% × 1/12

= $72300 × 0.055 × 0.08333

= $331.36

Therefore, the amount of the first monthly payment is used to reduce the principal will be:

= $410.66 - $331.36

= $79.30

5 0
3 years ago
The 1924 name change from The Computing, Tabulating, and Recording Company to International Business Machines was done in part t
Dmitry [639]

Answer: d. Business

Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.

5 0
3 years ago
Which theory suggests that workers with more education earn higher wages because the extra schooling has given them additional s
san4es73 [151]

Answer:

The human capital theory

Explanation

The human capital theory explores the relationship between investment in human capital and earnings.

Investment in human capital can take the form of education or training.

The theory suggest that those that invest in human capital earn higher income

The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training

7 0
3 years ago
Other questions:
  • GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2018, GoodBuy sold $960,000 of gift c
    15·1 answer
  • Teams and groups tend to have very rigid rules and consequences. True or false
    8·2 answers
  • Allied Cosmos, a cosmetics company, decides to expand its operations to lower-income areas in developing countries. It starts to
    10·1 answer
  • Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company'
    10·1 answer
  • Jean Jaques Rousseau
    9·1 answer
  • Which subsystem of marketing MIS systems summarizes and reports the results of surveys, questionaires, pilot studies, consumer p
    12·1 answer
  • Room and Board has determined that $41,650 is the break-even level of earnings before interest and taxes for the two capital str
    10·1 answer
  • Harvey is planning to file a case against a petrochemical giant that has a plant in his town. The petrochemical plant is dumping
    13·1 answer
  • Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
    11·1 answer
  • Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!