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
const2013 [10]
3 years ago
12

On October 1, 2019, Priscilla purchased a business. Of the purchase price, $92,000 is allocated to a patent and $552,000 to good

will. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Priscilla’s 2019 § 197 amortization deduction. $
Business
1 answer:
Firdavs [7]3 years ago
3 0

Answer:

$10,730

Explanation:

1. Patent: $92,000/15 years = $6,133

$6,133 × 3/12 = $1,533

2.Goodwill: $552,000/15 years= $36,800

$36,800 × 3/12 = $9,200

Total: $1,533 + $9,200= $10,733

Approximately $10,730

You might be interested in
The WeKnowThisStuff Company issued a $1,000 par value, 6% coupon, 8 year bond. The interest is paid semiannually and the market
Stella [2.4K]

Answer:

$1,032.01

Explanation:

Given:

Face value of bond (FV) = $1,000

Coupon rate = 6% annual rate or 6% / 2 = 3% semi-annual rate

Coupon payment (pmt) = 0.03 × $1,000

                            = $30

Rate = 5.5% annually or 5.5 / 2 = 2.75%

Time period (nper) = 8 × 2 = 16 periods

Current value of bond is present value of bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)

So, present value of bond is $1,032.01.

PV is negative as it's cash outflow.

8 0
3 years ago
The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Cost of the equipment $ 50,000 Sa
kakasveta [241]

Answer:

The multiple choices missing from the question are:

a. $60,000.

b. $50,000.

c. $57,000.

d. $59,000.

Option D,$59000 is correct

Explanation:

The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.

The recorded cost is computed thus:

Purchase price   $50,000

sales tax              $4,000

shipping               $3,000

installation            $2,000

total  cost            $59,000

The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)

4 0
3 years ago
Read 2 more answers
Which of the following is not recommended for cooking fresh pasta
slava [35]

Answer:

Oil is not recommended for cooking fresh pasta

Explanation:

Oil is not recommended for cooking fresh pasta

Hope this helps

8 0
2 years ago
Read 2 more answers
A credible online source is less likely to include
Nezavi [6.7K]
2) as opinions should be left out of factual articles and credible sources
7 0
2 years ago
Read 2 more answers
A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60
denis-greek [22]

Answer:

B. $170,000.

Explanation:

X company

statement of cash flow

For the year ended

Net income (balancing) (Note - 1)                                   $170,000

Cash flow from operating activities                      

Depreciation expense                                   $25,000

Increase in account receivable                     $(20,000)

Increase in inventory                                     $(10,000)

decrease in Prepaid Expenses                     $25,000

Decrease in Accounts Payable                     $(20,000)

Increase in Deferred Revenue                      $30,000

<u>Cash flow                                                                                $30,000</u>

Net cash flow from operating activities                              $200,000

Note 1:

Net cash flow from operating activities - Total changes in working capital=                        $200,000-$30,000 = $170,000.

3 0
3 years ago
Other questions:
  • What unemployment programs exist in state of Kentucky, eligibility, and how to get these benefits.
    15·1 answer
  • Rent-a-Furniture Center is offering a living room set that retails for $799 for $25 per week for 1 year. What is the percent mar
    5·1 answer
  • Suppose that a negative externality is created by the production of good X. Which of the following statements is correct?
    11·1 answer
  • On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat
    8·1 answer
  • Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows
    9·1 answer
  • Apple hosts a large number of forums, which become customers' primary source of product information after warranties expire and
    7·1 answer
  • List the steps of the basic problem-solving procedure
    5·1 answer
  • Which NIMS structure develops, recommends, and executes public information plans and strategies?
    14·1 answer
  • As you move from job shop towards continuous process: A. Your capital intensity decreases B. Your volume decreases C. Your custo
    9·1 answer
  • Distinguish between the savings and investment options.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!