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ZanzabumX [31]
3 years ago
15

Thompson Company incurred research and development costs of $100,000 and legal fees of $30,000 to acquire a patent. The patent h

as a legal life of 20 years and a useful life of 10 years. What amount should Thompson record as Patent Amortization Expense in the first year?a. 0b. 3,000c. 6,500d. 13,000
Business
2 answers:
maria [59]3 years ago
8 0

Heya mate!!

Option 3000 is the answer to your question.

Hope it helps u dear✌️✌️

wariber [46]3 years ago
7 0

Answer:

b. 3,000

Explanation:

The computation of the  Patent Amortization Expense in the first year is shown below:

= Legal fees to acquire a patent ÷ estimated useful life

= $30,000 ÷ 10 years

= $3,000

Only the legal expense would be amortized in a year.

And, the lesser period of legal life i.e 20 years and useful life i.e 10 years would be taken in the computation part. So, the lesser time period would be considered i.e useful life of 10 years

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For each of the following resources, name at least two (hypothetical) competing potential uses for that resource. Then for each
STatiana [176]

Answer:

Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters

The parcel of vacant land could be used for building a house for domestic purposes: to be inhabited by a family or any other group of people, or it could also be used for building a commercial property (for example, a convenience shop).

Because the parcel is located at an intersection where there are many commuters, the market will likely determine that a commercial property would be more profitable, since many commuters means many potential customers.

A house, on the other hand, could not be as profitable, because people tend to dislike living in places where there are many people around.

6 0
3 years ago
Take Time Corporation will pay a dividend of $4.15 per share next year. The company pledges to increase its dividend by 6.25 per
frozen [14]

stock value = $ 150.91

<u>Explanation:</u>

Stock price = D /(k-g)

The given data is as follows:

D = Dividend = $4.15 , K = required percent = 9% = 0.09 , G = pledged percent = 6.25% = 0.0625

<u>The following formula is used in order to calculate the value of the stock: </u>

Stock value= D/(k-g)

Where: D = dividend, K = required return, g = growth

=4.15 /(0.09-0.0625) =150.91(rounded to the two decimal places)

Hence stock value = $ 150.91

4 0
3 years ago
Kara believes that by pushing poor countries to produce exports instead of food and goods for their own people, they are forced
ira [324]

Answer:

Dependency theory

Explanation:

Kara believes that by pushing poor countries to produce exports instead of food and goods for their own people, they are forced to rely on rich nations for much of what they need. She suggests that markets should be replaced with government-directed economic policies. Kara is arguing in a way that reflects <u>Dependency theory.</u>

Dependency theory: It is a theory to understand the inequality of growth of all nation. As per theory, the underdeveloped countries offer cheaper labor and raw material to the developed nation, who sell the costlier finished goods to the underdeveloped nation, which again supress the economy of under developed nation, so it continue to have vicious cycle and gap get widen between rich and poor countries.

In the given case; Kara have introduced Dependency theory as she poor countries to produce exports instead of food and goods for their own people, they are forced to rely on rich nations.

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2 years ago
What is core capabilities
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Alternative term for core competencies.
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3 years ago
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ArbitrLikvidat [17]
How do u add people
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