Answer: Copyright 1 - $0
Copyright 2 - $30000
Explanation:
Copyright 1 shouldn't be reported on the balance sheet. This is because the cost with regards to internally developed copyright will have to be expensed. Therefore, copyrights 1 on the balance sheet will be $0.
Copyright 2 will be reported on the balance sheet with a value of $30000. The copyright's cost of acquisition will have to be capitalized.
NPV stands for net present value, which refers to the amount of money that is invested today and how much it could potentially be worth in the future. If Alby Ldt. decided they did not want to invest after calculating the potential NPV, it's likely that the future value of the purchase would not be worth the investment.
Answer:
claim
/klām/
verb
state or assert that something is the case, typically without providing evidence or proof.
"he claimed that he came from a wealthy, educated family"
Similar:
assert
declare
profess
maintain
state
hold
affirm
avow
aver
protest
insist
swear
attest
argue
contend
submit
move
allege
make out
avouch
asseverate
represent
noun
1.
an assertion of the truth of something, typically one that is disputed or in doubt.
"he was dogged by the claim that he had CIA links"
Similar:
assertion
declaration
profession
affirmation
avowal
averment
protestation
representation
contention
submission
case
allegation
pretense
asseveration
2.
a demand or request for something considered one's due.
"the court had denied their claims to asylum"
Similar:
request
application
demand
petition
call
Explanation:
Answer:
a. Debit Equipment; Credit Cash.
Explanation:
Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further
Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.
Therefore correct entry will be:
Debit Equipment
Credit Cash
Answer:
Jarrod exclude from his gross income of $13,500
Explanation:
The following items which are excluded from the gross income are:
1. Tuition = $12,000
2. Books and supplies = $1,500
The total amount would be equal to
= $12,000 + $1,500
= $13,500
These items would be excluded because the deduction is allowed for these items. Whereas, the room and personal expenses are taxable. Hence, it would be included in the gross income
