Answer:
$471,000.
Explanation:
Using percentage of revenue method calculating amortization rate:
$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%
The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.
Amortization of software development costs for year 2022 :
$1,570,000 * 30% = $471,000.
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Hope this helps ~
Callable Certificate of Deposit is a type of savings account that a financial institution can terminate.
Answer:
How many units are in process at May 31?
physical units ending WIP: 740
equivalent units WIP materials: 740
equivalent units WIP conversion: 296
Explanation:
We will add the beginning and started units, then subtract the trasnaferrd out to get the ending WIP inventory.
physical units:
beginning 490
started 1,650
transferred-out<u> (1,400) </u>
ending 740
Now we will multiply by the percentage of completion to get the equivlent units of WIP on each category:
<u>equivalent units for ending WIP:</u>
materials 740 x 100% = 740
conversion 740 x 40% = 296