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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.

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Greater air pollution from car production leads to increased rates of asthma and infant mortality, imposing costs on the rest of
Arada [10]

Answer:

2 more cars will be produced in the market equilibrium versus the social optimum. The right answer is a.

Explanation:

According to the given data we have the following:

demand for cars is given by the function P = 75 − 3q

private costs are given by the function P = 10 + 2q

75 − 3q= 10 + 2q

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q=13

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Therefore, socially optimal number of cars is 13.

To calculate How many more cars will be produced in the market equilibrium versus the social optimum, we have to calculate the following:

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