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Anika [276]
2 years ago
11

Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on Ja

nuary 2nd, 2017. On July 31st, 2017, Beyerlein paid $35,000 for legal fees in a successful defense of the patent. The total amount debited to Patents through July 31st, 2017, should be
Business
1 answer:
Wittaler [7]2 years ago
8 0

Answer:

The total amount that will be debited to the patents account on July 31, 2017 will be $35,000.

Explanation:

The amount of $150,000 will not be included in the patents account because this patent was developed by the Martha beyerlein company not purchased from any other firm , so the cost incurred here will be debited to the research and development account. And only the $35,000 that was paid for legal fees will be debited to the patents account.

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You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exac
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PV= $620,921.32

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2 years ago
The Federal Reserve's tools to control the money supply include open-market operations, the discount rate, and interest payments
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PART-1  

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