Answer:
Explanation:
The journal entry is shown below:
Amortization expense - Patent A/c Dr $32,380
To Patent A/c $32,380
(Being amortization expense for the first year is recorded)
The computation is shown below"
= Purchase cost of patent ÷ estimated useful life
= $161,900 ÷ 5 years
= $32,380
For the intangible assets, the amortization expense is considered,not the depreciation expense and the same is to be taken.
I think it's guessing from context? Hope I helped!
C. $18,644 is the correst answer. Hope this helped
Answer:
The answer is Y = C + I + G + NX
Explanation:
National income can be represented as: Y = C + I + G + NX
where Y is the national income
C is the consumers' consumption or households' expenses on goods and services
I is the firms' investment. Investment done by businesses on procuring non-current assets used in production
G is the government expenditure.
NX is the net export. Net export is the difference between the total value of export and total value of import in a year.