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3 years ago

Van Frank Telecommunications has a patent on a cellular transmission process.

Business

1 answer:

ludmilkaskok [199]3 years ago

5 0

Answer:

Dr Amortization expense 5.50

Cr Accumulated Amortization - Patent 5.50

Explanation:

Preparation of Journal entries to Record the adjusting entry for patent amortization in 2016

Van Frank Telecommunications

Dr Amortization expense 5.50

Cr Accumulated Amortization - Patent 5.50

(To record amortization of patent)

Calculation for the Amortized expense

Cost of the asset $19.80

Annual amortization $2.20

($19.80 / 9 years)

Amortization till date (2012-2015) $8.80

($2.20*4)

Unamortized value ($19.80-$8.80) $11.00

Remaining life 2 years

Amortized expense ($11.00/2) $5.50

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Answer:

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4 years ago

Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept.

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Answer:

A. True

Explanation:

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4 years ago

In a paragraph of no less than 125 words, describe how technology helps business professionals to be more efficient.

Mandarinka [93]

Answer:

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Explanation:

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3 years ago

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Answer:

modified product - multiple markets

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4 years ago

A stock has an expected return of 11.2 percent, the risk-free rate is 3 percent, and the market risk premium is 5 percent. What

padilas [110]

Answer:

beta = 1.64

Explanation:

in order to calculate beta, we can use the cost of equity formula:, but instead of cost of equity we can use expected return:

expected return = risk free rate + (beta x market risk premium)

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3 years ago