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aleksley [76]
4 years ago
8

In January 2016, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir

e the patent. The company estimated a 10-year useful life for the patent and uses the straight-line amortization method for all intangible assets. In January, 2019, Vega spent $40,000 in legal fees for an unsuccessful defense of the patent and the patent is no longer usable. The amount charged to income (expense and loss) in 2019 related to the patent should be:
Business
1 answer:
Andreyy894 years ago
7 0

Answer:

$215,000

Explanation:

As at 2016

Cost of patent                $200,000

Legal and filing fees       $50,000

Patent                            $250,000

Yearly amortization = $250,000/10 = $25,000 (10 years)

As at 2019

Patent                                                            $250,000

Less Amortization($25,000*3 years)          ($75,000)

Book Value                                                   $175,000

Patent (Book Value)                                                                     $175,000

Add legal fees for an unsuccessful defense of the patent         $40,000

Total                                                                                                $215,000

The amount charged to income (expense and loss) in 2019 related to the patent should be $215,000.

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Answer:

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Explanation:

Giving the following information:

Copy Center pays an average wage of $12 per hour.

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3 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
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Answer:

The correct answers are:

A) The effects of the Internet on the pricing of used cars.  (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions . (Microeconomics)

C) The effects of government tax policy on long-term economic growth. (Macroeconomics)

Explanation:

The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)

C) The effects of government tax policy on long-term economic growth (Macroeconomics)

3 0
3 years ago
If a frozen pizza plant is the cost object, classify each of the following costs as direct or indirect, respectively: property i
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Answer:

Indirect

Direct

Iindirect

Explanation:

Direct cost is the cost that can be traced back to the cost object whereas the indirect cost cannot be traced back. Cost object is something to which the costs are assigned. in this case the cafeteria workers are directly working with the cost object:Frozen pizza plant, hence the cost is directly associated with that. Janitorial supplies and property insurance cost does not directly relate to The cost object given here so it will be classified as indirect cost.

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Miranda is a network engineer. She has been hired to set up a network for a nonprofit organization with more than
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Answer:

hi your question lacks the options hence i will list out some factors to be considered :

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A network engineer is a professionally trained technology expert that his primary duty is to setup a computer network within an organization that enables the exchange of voice, data and video within the organization.

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sleet_krkn [62]

At the beginning of each workday in the medical office, the receptionist is generally responsible for disengaging the alarm system.

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An individual who works in an office or administrative support role is a receptionist. The task is typically done in a waiting room, like a lobby or front desk of a company or institution. A person who works for an organisation who is responsible for greeting clients, patients, and visitors as well as taking phone calls is known as a receptionist. A receptionist's tasks may also include room reservations and assignment, visitor registration, cashier work, credit checks, key control, and mail and message service. This administrative department is referred to as the front desk in many hotels. Front desk clerks are another name for these receptionists. To help the businesses they work for, receptionists perform a variety of activities, such as scheduling appointments, filing, keeping records, and other office duties.

to learn more about receptionist
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