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Ymorist [56]
3 years ago
13

On January 2, 2019, Adelphi Company purchased a patent for $175,000 plus $5,000 in legal fees. On that date, the patent had a re

maining legal life of 13 years. Adelphi Company expects to use the patent for 8 years after which time it will be worthless. How much is the annual amortization expense for 2019? Round to nearest whole dollar.
Business
1 answer:
Vikentia [17]3 years ago
7 0

Answer:

$22,500

Explanation:

Data given in the question

Purchase value of the patent = $175,000

Legal fees = $5,000

The Remaining life of the patent = 13 years

Expected using life of the patent = 8 years

So by considering the above information, the annual amortization expense for 2019 is

= (Purchase value of the patent + Legal fees incurred) ÷ (Expected using life of the patent)

= ($175,000 + $5,000) ÷ (8 years)

= $22,500

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A ________ specifically details how you plan to find customers and sell your product.
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3 years ago
Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for
Vanyuwa [196]

Answer:

Place Mix

Explanation:

Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute place mix element of the marketing mix for Blue Apron.

Basically , Market mix have<em> four </em>elements they are -

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2.<u> Price Mix</u> - It refers to all the decisions which are related to the price of the product.

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8 0
3 years ago
Brianna was a veteran manager and had been with the company for several years when she got promoted to the​ company's flagship o
Kitty [74]

Answer:

In the restaurant business, self inspections can help you ensure that the food is always safe for your customers (better quality food) , lower the overall costs of the restaurant and helps to increase your reputation (a clean restaurant is always seen as a better restaurant).

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3 years ago
The employer amount of FICA taxes that Red Mountain is required to pay is equal to the amount that it withholds from its employe
kolezko [41]

Answer:

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Explanation:

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3 years ago
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