Answer:
The amount Lava should charge against income during year 4 is $63,000.
Explanation:
Since amortization is assumed to be recorded at the end of each year, this can be calculated as follows:
Annual amortization expense = Cost of the patent / Patent's estimated useful life = $90,000 / 10 = $9,000
Amortization expense recorded prior to year 4 = Annual amortization expense * 3 years = $9,000 * 3 = $27,000
Unamortized cost of patent charge against income during year 4 = Cost of the patent - Amortization expense recorded prior to year 4 = $90,000 - $27,000 = $63,000
Therefore, the amount Lava should charge against income during year 4 is $63,000.
Answer:
That's because as a country's economy grows, the amount of revenue a government can spend to pay its debts grows as well. In addition, a larger economy generally means the country's capital markets will grow and the government can tap them to issue more debt.
Explanation:
hope it helps
Answer:
c. $480,000
Explanation:
Cost of goods manufactured $
Direct materials used 120,000
Direct labor 200,000
Manufacturing overhead 150,000
Beginning work in process 20,000
Ending work in process <u> 10,000 </u>
Cost of goods manufactured <u> 480,000 </u>
So, Correct option is c. $480,000
