Answer:
think of a problem an everyday American citizen faces. come up with an invention to solve that.
Answer:
Pedigo Corporation
Journal Entries
Debit Credit
Amortization Expense - Patent $10,000
Patents (Working 1) $10,000
<em>To record amortization of Patents on December 31, 2020</em>
Explanation:
Working 1:
Amortization expense = Patent cost x 1/5 year x 8/12 months
= $75,000 x 1/5 x 8/12
= $10,000
Note that no entry is made to to amortize Goodwill worth $150,000. This is because Goodwill has an indefinite life. As only entries to record amortization are required, there is no other entry on December 31, 2020.
I think the answer is false because 50% of the world has access to the internet.
This is true and simple safety precaution. A simple question what happens when you combine electricity and water? Nothing good comes from that. The dampness in the area can come together to form water drops sort of like rain and if that gets into the outlet then it wont be good. Hope this helps!