Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = 
= 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27
Answer:
$40,000
Explanation:
Calculation for the corporation's basis in the asset that was received
Using this formula
Corporation'sbasis in the asset received = Stock Adjusted basis + Cash received
Let plug in the formula
Corporation'sbasis in the asset received = $ 30,000 +$10,000
Corporation'sbasis in the asset received = $ 40,000
Therefore the Corporation'sbasis in the asset received will be $40,000
Answer:
Date Account and explanation Debit Credit
Dec 31 Prepaid insurance $10,000
($12000*30/36)
Insurance expense $10,000
Dec 31 Depreciation expense $15,000
Accumulated depreciation-Equipment $15,000
Dec 31 Salaries expense $18,000
Salaries payable $18,000
Dec 31 Interest expense $4,000
($200000*12%*2/12)
Interest payable $4,000
Dec 31 Deferred rent revenue $1,000
($3000/3
Rent revenue $1,000
Dec 31 Rent revenue $2,000
Deferred rent revenue $2,000
<span>Payment for the use of a copyrighted work is called a tax
</span>
Answer:
The correct answer is Committee.
Explanation:
A committee within the organizational structure refers to a group of employees that focus on some topic of relevance to the organization. These employees emerge as representatives of the total number of workers, and are democratically elected for a certain time to perform these functions. What is sought with this type of structure is to have greater communication and to have the ability to propose and request changes for the benefit of all.
