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
Butoxors [25]
2 years ago
14

Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected

useful life of five years with no residual value. Assume the company uses the straight-line method to record amortization. What is the carrying value of the copyright at the end of the second year?
Business
1 answer:
Semenov [28]2 years ago
8 0

Answer:

$30,000

Explanation:

Amortization is the process of expensing the cost of an intangible over its useful life. It is equivalent to depreciation in physical assets.

Under the straight-line depreciation, the depreciation amount is constant throughout the life of the asset.

For Bricktown, the cost of the asset is $50,000

use-life is five years,

the rate of depreciation will be 1/5 x 100

=1/5 x 100

20 percent

depreciation per year will 20% x $50,000

=20/100 x 100

=10,000

Accumulated depreciation at the end of the second year

=$10,000 x 2

=$20,000

The carrying value after two years will be the value of the asset - accumulated value. ( carrying value is the book value).

=$50,000 - $20,000

=$30,000

You might be interested in
A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:
zalisa [80]

Answer:

<u>Adventure Travel Service</u>

<u>Statement of cash flows for the year ended April 30, 2019</u>

<u>Cash flow from Operating Activities</u>

Cash receipts from customers                                 $2,080,000

Cash payments for operating expenses                 ($1,706,000)

Net Cash from Operating Activities                            $374,000

<u>Cash flow from Investing Activities</u>

Purchase of land                                                        ($400,000)

Net Cash from Investing Activities                            ($400,000)

<u>Cash flow from Financing Activities</u>

Cash receipt from owner as investment                      $60,000

Drawings                                                                       ($40,000)

Net Cash from Financing Activities                              $20,000

Movement in Cash and Cash Equivalents                   ($6,000)

Beginning Cash and Cash Equivalents                      $203,000

Ending Cash and Cash Equivalents                            $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

4 0
2 years ago
If romeo wants to encourage more innovation among his​ employees, he should​ __________.
almond37 [142]
Romeo could do several things to encourage innovation for example by showing inventions created by other departments of his enterprise or by people in other companies either having the actual item or showing a video of it, and also by rewarding those who come up with new innovations with prizes for example. Of course, innovative ideas or better ways of doing things would also be encouraged.
8 0
3 years ago
For each part below, write a short essay (around 8 sentences) to provide arguments for and/or against the claim presented in tha
9966 [12]

Explanation:

a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.

b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.

One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.

4 0
3 years ago
HELP!!! When consumers are in the _[blank]_stage of the buying process, they are trying to decide between a few different option
SCORPION-xisa [38]

Answer:

I believe it's the second one:

Information search

3 0
3 years ago
If an offeree dispatches both an acceptance and a rejection to an offer:
Andrei [34K]
If an offeree dispatches both an acceptance and a rejection to an offer
(d) WHICHEVER RESPONSE REACHES THE OFFEROR FIRST WILL DETERMINE WHETHER A CONTRACT IS CREATED.

In such case, if the acceptance reaches the offeror first then a contract can be created. Thus, it totally depends on what reaches the offeror first. Any offer made by head of an organization can be accepted or rejected and there are business laws for this.
4 0
3 years ago
Other questions:
  • Rather than determining whether a culture has good or bad ethics, it is best to look for practical solutions to the cultural cha
    14·1 answer
  • Kimberly wants to learn about the latest developments in agricultural tools and equipment. She attends many trade shows and conf
    13·1 answer
  • In the labor market, what causes a movement along the demand curve? What causes a shift in the demand curve?
    6·1 answer
  • The absence of cyclical unemployment is evidence that?
    6·1 answer
  • An interior solution to a consumer's utility maximization problem implies which of the following:A. consuming optimal amounts of
    11·1 answer
  • Which of the following is an important principle for effectively interacting with the audience during presentations? Multiple Ch
    12·1 answer
  • 40 POINTS!! Decorative text available to include in a document is known as _____.
    6·2 answers
  • Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L
    8·2 answers
  • An experience that would be listed in the ""other experience"" category would include _____. a. military service b. awards earne
    11·1 answer
  • Lisa agrees to sell Deb an electronic entertainment center worth $1,000 for $700 in order to have a rapid sale. Later Lisa insis
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!