1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedaia [141]
3 years ago
5

Golden Company has a binding commitment from another company to purchase its copyright at the end of the asset's useful life. Th

e agreed upon amount is $150,000. When calculating copyright amortization, Golden Company should utilize a residual value of
Business
1 answer:
Pepsi [2]3 years ago
6 0

Answer:

$150,000

Explanation:

Given an intangible asset like a copyright, it is amortized using the straight-line method, thus, to determine the amount of amortization in a given year, the formula is to divide the copyright's value by the length of its useful life.

However, in this case, since the Golden Company has a binding commitment from another company to purchase its copyright AT THE END of the asset's USEFUL LIFE, then, the value of the copyright equals zero.

What this simply means is that, when calculating copyright amortization, Golden Company should utilize a residual value of $150,000, because the value of the copyright at that moment equals zero.

You might be interested in
Compare transnet with a perfect competitor in terms of price and output and profit
Sholpan [36]
Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg. 

Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.

Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.

<span>Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor. </span>
5 0
3 years ago
Your firm has a bond issue with a face value of $250,000 outstanding. These bonds have a coupon rate of 7 percent, pay interest
trapecia [35]

Answer:

$3,675

Explanation:

Calculation to determine the amount of the annual interest tax shield

Using this formula

Annual interest tax shield=Outstanding face value*Coupon rate*Tax rate

Let plug in the formula

Annual interest tax shield = $250,000 *.07 *.21

Annual interest tax shield= $3,675

Therefore the amount of the annual interest tax shield is $3,675

7 0
3 years ago
The deterioration of many municipal pipeline networks across the country is a gowing conoer technology proposed for pipeline reh
Misha Larkins [42]

Answer:

a. Compare the mean tensile strengths at the 95% confidence level.

Explanation:

5 0
3 years ago
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is
Amiraneli [1.4K]

Answer:

total cost of mine  = $1,400,000 + $400,000 = $1,800,000

estimed number of tons of ore = 1,000,000

residual value of land at the end of the mine =  $200,000

depletion expenses  per ton of ore =  ($1,800,000 - $200,000)/1,000,000

                                                          =  $1,600,000/1,000,000

                                                          = $1.6/ton

total depletion expenses  for the first year =  Ddepletion expenses per ton x number of ton of ore produced

                                                                 =  $1.6 x 180,000  

                                                                 =   $288,000

Explanation:

3 0
3 years ago
A characteristic of centrally planned economies is that:
photoshop1234 [79]

Answer:

The correct answer is letter "B": the price is relatively unimportant in allocating resources.

Explanation:

Centrally planned economies or command economies are those managed by the government that dictates production quotas and distribution levels and determines prices. Private ownership is null in centrally planned economies since the government is the owner and distributor of land, labor, and capital.

<em>Allocation price is irrelevant when it comes to command economies since only those vital goods such as staples are paid attention.</em>

4 0
3 years ago
Other questions:
  • Peggy accepts a job offer as an advertising copywriter. Her boss immediately assigns her campaigns for products such as makeup a
    15·1 answer
  • An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it h
    5·1 answer
  • A closed economy a. does not engage in international borrowing or lending. b. does not engage in international trade of goods an
    14·1 answer
  • Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. Jeremy is of the view
    5·1 answer
  • Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?
    15·1 answer
  • Diel entered into a written contract to sell a building to Stone. The contract was properly recorded. Stone breached the contrac
    6·1 answer
  • Marketing efforts designed to get the product or service to the right customer, when that customer wants it, are called ______
    15·1 answer
  • Health mart is a retail store selling home oxygen equipment. health mart also services home oxygen​ equipment, for which the com
    10·1 answer
  • What is an emergency fund?
    6·1 answer
  • Which of the following is a period during which aggregate output, as measured by real GDP, declines
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!