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ANEK [815]
3 years ago
7

Janes Company provided the following information on intangible assets: A patent was purchased from the Lou Company for $1,100,00

0 on January 1, 2019. Janes estimated the remaining useful life of the patent to be 10 years. The patent was carried on Lou’s accounting records at a net book value of $430,000 when Lou sold it to Janes. During 2021, a franchise was purchased from the Rink Company for $580,000. The contractual life of the franchise is 10 years and Janes records a full year of amortization in the year of purchase. Janes incurred research and development costs in 2021 as follows:Materials and supplies $ 148,000 Personnel 188,000 Indirect costs 68,000 Total $ 404,000 Effective January 1, 2018, based on new events that have occurred, Janes estimates that the remaining life of the patent purchased from Lou is only five more years.Required:1. Prepare the entries necessary for years 2016 through 2018 to reflect the above information.2. Prepare a schedule showing the intangible asset section of Janes’s December 31, 2018, balance sheet.

Business
1 answer:
juin [17]3 years ago
4 0

Answer:

Please find attached Balance sheet.

Explanation:

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Assuming that data mining techniques are to be used in the following cases, identify whether the task required is supervised or
Greeley [361]

Answer:

Supervised and Unsupervised Learning:

a. Unsupervised learning

b. Supervised learning

3. Supervised learning

4. Unsupervised learning

Explanation:

The key difference between supervised machine learning and unsupervised machine learning is that with supervised machine learning there is a training dataset (labeled data) on which the algorithm is trained to predict patterns.  With unsupervised machine learning on the other hand, there is no training data.  So, the algorithm discovers patterns on itself without reference to another labeled data or training dataset.

6 0
3 years ago
20 points easy?………………………
natita [175]

Answer:

Legal damages

Explanation:

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3 0
2 years ago
Support Department Cost Allocation-Direct Method Charlie's Wood Works produces wood products (e.g., cabinets, tables, picture fr
aivan3 [116]

Answer:

a. 56%

b. 62%

Explanation:

a. Janitorial costs are allocated based on square feet.

Assembly Department Square feet = 42,560

Total area for both departments = 42,560 + 33,440 = $76,000

Percentage of costs

= 42,560/ 76,000

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b. Security costs are allocated based on asset value.

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Percentage of costs

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8 0
3 years ago
In the _____ way of knowing things, people hold firmly to some belief because some respected official, agency, or source has sai
NeTakaya

Answer:

Letter B is correct.<u> Method of authotity.</u>

Explanation:

The method of acquiring knowledge by authority is one of the most widespread ways of obtaining knowledge in society. It is characterized as the implementation and learning of a new idea or belief because some authority figure affirmed a certain concept as true, which ensures greater reliability. and acceptance. As examples of authorities, we can mention: doctors, teachers, bosses, government, parents and others.

But in an ideal scenario it is important to analyze what methods and sources the authority figures have determined for a conclusion about something, one should seek to exercise critical sense to rationalize the beliefs and decisions that are imposed as truth. .

3 0
3 years ago
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Answer:

a) Removal of unwanted buildings

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