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
ExtremeBDS [4]
3 years ago
12

Cullumber Company incurred research and development costs of $101000 and legal fees of $41000 to acquire a patent. The patent ha

s a legal life of 20 years and a useful life of 10 years. What amount should Cullumber record as Patent Amortization Expense in the first year
Business
1 answer:
MArishka [77]3 years ago
4 0

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

You might be interested in
Under two of the incoterms® rules, ________ has to provide the importer with a certificate of insurance.
Dovator [93]
<span>"The exporter"</span> has to provide the importer with a certificate of insurance.

The Incoterms rules are standard arrangements of exchanging terms and conditions intended to help merchants when merchandise are sold and transported. Each Incoterms rule determines: the commitments of each gathering like who is in charge of administrations, for example, transport; import and fare leeway and so on.

3 0
4 years ago
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions.
Ilia_Sergeevich [38]

Answer:

1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>

<em />

Explanation:

In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.

<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>

In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.

<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>

this is 80% of $100,00 which is equal to <em>$80,000</em>

8 0
3 years ago
An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.
Scrat [10]

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.  

It is a cheaper method as compare to cancel the shares plus issuing them

6 0
3 years ago
What did surprise you in personalities
hjlf

Personalities


Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

5 0
3 years ago
Aggregate demand​ (AD) is comprised of expenditure components that​ include:
Yanka [14]

Answer: A

Explanation:

Aggregate demand can be obtained by adding consumptions, investments, Government spendings, and net exports(exports-imports).

Aggregate demand=consumptions + investment + Government spending + exports - imports

3 0
4 years ago
Other questions:
  • Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs
    11·1 answer
  • Divide 100<br><img src="https://tex.z-dn.net/?f=%20%5Csqrt%7B100%7D%20" id="TexFormula1" title=" \sqrt{100} " alt=" \sqrt{100} "
    9·1 answer
  • TRUE OR FALSE. The amount of stock a person owns determines the strength of his or her voting power. (if correct, will receive B
    5·1 answer
  • A technology company that makes computers for professional use is trying to segment its customers. The company asked some profes
    7·1 answer
  • Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble, but Chef Noble has breached the contract by failing to
    5·1 answer
  • Which of the following statements about the insurance verification process is a FALSE statement? A) Directly affects payment del
    10·1 answer
  • Materials derived from natural resources clearly defines which of the following?
    10·1 answer
  • In accounting, expenditures recorded as assets are said to be _____.
    14·1 answer
  • General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False
    5·1 answer
  • True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!