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aliina [53]
2 years ago
11

QUESTION 7

Business
1 answer:
kolbaska11 [484]2 years ago
6 0

Answer:

=$8,500

Explanation:

Amortization is the depreciation of intangible assets. In calculating amortization, the cost of the asset and the expected lifespan is taken into consideration.

For Snowbird, the useful life of the patent is eight years. Usually, patents are not to be resold; hence the salvage value is zero.  The amount to be amortized in 2019 will be,

Asset cost $68,000

Useful life 8 years

The rate of amortization will be 1/8 x 100

=12.5%

Amortization amount = 12.5/100 x $68,000

=0.125 x $68,000

=$8,500

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When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos
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Evergreen Building, Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% prefe
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preferred and common stockholders

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