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
Elan Coil [88]
3 years ago
5

Axcel Software began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was

available for release to customers at the beginning of 2022. Development costs incurred prior to June 30, 2021, were $3,370,000, and costs incurred from June 30 to the product release date were $1,570,000. The 2022 revenues from the sale of the new software were $3,102,000, and the company anticipates additional revenues of $7,238,000. The economic life of the software is estimated at four years.
Amortization of the software development costs for the year 2022 would be $_____.
Business
1 answer:
erik [133]3 years ago
8 0

Answer:

$471,000.

Explanation:

Using percentage of revenue method calculating amortization rate:

$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%

The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.

Amortization of software development costs for year 2022 :

$1,570,000 * 30% = $471,000.

You might be interested in
1. What do you call the basic unit of storage for computers?
vfiekz [6]

Answer:

I believe 1 would be A. "A file" and 2 would be C. "An application" Hoped this helped, if I'm wrong please let me know!

7 0
3 years ago
A method of estimating the amount of bad debt expense whereby management establishes a percentage relationship between the amoun
Flauer [41]

Answer: provisions

Explanation: According to ias 37

5 0
3 years ago
______ is a structured program in which a high-potential trainee is groomed for a management position through a carefully design
vitfil [10]

Answer:

Management training program.

Explanation:

Management training program is a structured program in which a high-potential trainee is groomed for a management position through a carefully designed sequence of short-term job transfers and rotations, gaining experience with various parts of the business, often with increasing levels of challenge and responsibility.

Basically, it is a structured program which is typically designed and focused on improving a high-potential trainee's skills such as communication, listening, empathy, oratory abilities, etc, in order to make them to be more productive, valuable, an effective leader, and leverage on new opportunities that would help the organization achieve success in their set goals and objectives, as well as enhance their competitive advantage over rivals in the industry.

7 0
3 years ago
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

5 0
3 years ago
Thomas Engel contributed equipment, inventory, and $45,000 cash to a partnership. The equipment had a book value of $25,000 and
Troyanec [42]

Answer:

Thomas capital

Equipment                $30,000

Inventory                   25,000

Cash                         <u> 45,000</u>

Total                       <u>  100,000</u>

Explanation:

Equipment : thebook value is $25,000 while the market value is $30,000.  the market value of the equipment will be used.

Inventory : the book value is $50,000 while the market value is $25,000. As a result of obsolescence, the inventory will be value at lower of cost and net realizable value(IAS2). therefore, $25,000 will be recognized for the inventory in the determination of Thomas capital

Cash: there is no changes in cash contributed.

5 0
3 years ago
Read 2 more answers
Other questions:
  • What is a good way to find a business idea that'll put your talents and interests to the best use? A. Buy a local business that
    11·2 answers
  • When a firm sets its pricing strategy based on how it can add value to its products or services it has embraced a(n) ________ or
    6·1 answer
  • Nick purchased a $100,000 participating whole-life insurance policy on his life. To date, he has paid $50,000 in total premiumsa
    10·1 answer
  • If the demand curve for tickets to a taping of a television show intersects the supply curve for tickets to that show at a negat
    13·1 answer
  • The accountant at Metlock, Inc. is figuring out the difference in income taxes the company will pay depending on the choice of e
    6·1 answer
  • In two to three sentences, list the tree steps for effective decisions using marginal analysis
    6·1 answer
  • A _____ is a set of functions or activities within an organization that work together for the aim of the organization.
    8·1 answer
  • MCDONALDS GIVE DIRECTIONS
    9·2 answers
  • Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage c
    5·1 answer
  • 2. Now, find out what type of business it actually is. If you chose a small business, it is likely to be a sole proprietorship o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!