Answer:
$14,200
Explanation:
<em>Step 1 Determine the Cost of the Patent </em>
Research and Development costs $101000
<em>Add</em> legal fees $41000
Total $142,000
<em>Step 2 Determine Amortization Expense </em>
Amortization Expense = Cost/ Useful life
= $142,000/10 years
= $14,200
Brand repositioning is when a company changes their status in the marketplace. Like changes to the marketing mix including product, price, location, and promotion. Repositioning happens to fulfill consumer wants and needs
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In 2019, Sauder should record interest expense of $63,397.
Explanation:
- The equipment has an estimated useful life of 7 years and no salvage value. Sauder uses the straight-line method of depreciation for all of its fixed assets.
- The minimum lease payments were determined to have a present value of $833,972 at an effective interest rate of 10%.
- The easiest way to calculate the record interest expense is that to multiply a debt of a company by the average interest rate of its debts.
- Interest expense can be considered both as liability and also an asset.
- These items can be taken on the balance sheet, which can be completed from the accounting software.
- Interest occurred, but it has not been paid as according to the balance sheet date, it is referred to as the accrued interest. An interest rate that has incurred.
- In 2019, Sauder should record interest expense of $63,397.
<span>wellstone inc. should it produce 100,000 bright white covers, 80,000 metallic Black covers, 250,000 magnetic Lime covers, 350,000 tangerine orange covers, and 220,000 fusion red covers if it plans to produce 1 million cell phone covers.</span>