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
Bezzdna [24]
2 years ago
10

Gessner LLC patented a process it developed in the current year. The patent is expected to create benefits for Gessner over a 10

-year period. The patent was issued on April 15th and the legal costs associated with the patent were $43,000. In addition, Gessner had unamortized research expenditures of $15,000 related to the process. What is the total amortization expense Gessner may deduct during the current year?
Business
1 answer:
NNADVOKAT [17]2 years ago
8 0

Answer:

$4,350

Explanation:

Based on the amortization period, the duration of the patent would be 20 years or 10 years whichever is lower. So, in this question, we consider the useful life of 10 years

The computation is shown below:

= (Legal  costs associated with the patent + unamortized research expenditures) ÷ useful life in months × given months

= ($43,000 + $15,000) ÷ 120 months × 9 months

= $58,000 ÷ 120 months × 9 months

= $4,350

The nine months is calculated from April to December month. We assume that the books are closed on December month

You might be interested in
Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
adelina 88 [10]

Answer:

True

Explanation:

A cost sheet is a statement that contains all the cost incurred on a cost unit or a cost centre. A  typical cost sheet will accumulate all the direct and indirect material consumed in the production of a product. Also included in the cost sheet is direct labor incurred in the making of a product including allocated overhead. With this, the margin on a product can be observed from a cost sheet.

7 0
2 years ago
Annual Dividends<br><br> Question 4 Attached
WARRIOR [948]

Answer:

no it's was not because we don't add

6 0
2 years ago
The system of meaning and power created to determine who is related to whom and to define their mutual expectations, rights, and
ArbitrLikvidat [17]

Answer:

kinship

Explanation:

5 0
1 year ago
RT is about to loan his granddaughter Cynthia $10,000 for 1 year. RT’s TVOM, based upon his current investment earnings, is 12%,
qaws [65]

Answer:

They should not be able to successfully negotiate the terms of this loan within these parameters.

Explanation:

It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.

if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.  

Interest = $10,000*0.12

             = $1,200

RT requires $1,200 in interest.

It has been provided that Cynthia earns 8% on her investment.

If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.  

Earning = $10,000*0.08

             = $800

Cynthia is going to earn $800

RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.

Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.

6 0
2 years ago
Ashley is considering the purchase of a stock that has just paid a dividend of $0.72, today. The dividend is expected to grow at
arlik [135]

Answer:

$10.28

Explanation:

<u>Step 1. Firstly we use the of the The dividend discount model (DDM)</u>

This calculation is: D1 = D0 x (1 + g)

D1 = $0.72 x (1 + 2.8%) = $0.74.

Where

Do = Dividend now

D1 = Dividend in year 1

g = growth

<u>Step 2 Next, using the Gordon Growth Model, </u>

Price per share is found to be D(1) / (r - g)

Price = $0.74 / ( 10% - 2.8%) = $10.28

where:

Do = Dividend now

D1 = Dividend in year 1

g = growth

r = required return

7 0
2 years ago
Other questions:
  • Dividing an organization’s manufacturing jobs into drill press, milling, heat treat, and assembly areas is an example of groupin
    9·1 answer
  • Which of the following statements is (are) TRUE?
    9·2 answers
  • Cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $8,000 of cash sales that are
    13·2 answers
  • Prince Paper has budgeted the following amounts for its next fiscal​ year: Total fixed expenses $ 900 comma 000 Selling price pe
    7·1 answer
  • Aziz company sells two types of products, Baste and Deluxe . The company provides technical support for users of its products at
    7·1 answer
  • Dobbs Company issues 6%, two-year bonds, on December 31, 2018, with a par value of $106,000 and semi-annual interest payments.
    11·1 answer
  • A trade secret is a formula, device, process, method, or compilation of information that, when used in___________ , gives the ow
    7·1 answer
  • Suppose Alex and Becky are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix t
    5·1 answer
  • a business wants to evaluate how much they're spending on their customers, versus how much their customers go on to spend. if th
    11·1 answer
  • If $1,000 of additional spending occurs and the marginal propensity to consume is 0.8, the total effect on the economy is an inc
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!