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LiRa [457]
3 years ago
7

A company began a new development project in 2017. The project reached technological feasibility on June 30, 2018, and was avail

able for release to customers at the beginning of 2019. Development costs incurred prior to June 30, 2018, were $3,800,000 and costs incurred from June 30 to the product release date were $2,150,000. The 2019 revenues from the sale of the new software were $4,000,000, and the company anticipates additional revenues of $6,500,000. The economic life of the software is estimated at four years. Amortization of the software development costs for the year 2019 would be:
Business
1 answer:
o-na [289]3 years ago
8 0

Answer:

$818,935

Explanation:

Percentage of-revenue method:

$4,000,000

($4,000,000 + 6,500,000) = $10,500,000

Hence;

$4,000,000/$10,500,000

= 38.09 %

Amortization = 38.09% ×$2,150,000

= $818,935

Therefore the amortization of the software development costs would be $818,935

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An advertising agency.

Explanation:

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7 0
3 years ago
Which audience analysis anticipates resistance if something is going to cost money?
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The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.

<h3>What is situational analysis?</h3>

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6 0
2 years ago
If a delivery driver cannot successfully complete a delivery that contains alcohol, they must:
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return the order to the retailer

3 0
1 year ago
g The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for commo
Stolb23 [73]

Answer:

1)

Dr Cash 100,750

    Cr Common stock 100,750

Dr Office supplies 1,250

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Dr Equipment 10,050

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Dr Accounts payable 10,050

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Dr Accounts receivable 2,700

    Cr Fees earned 2,700

Dr Rent expense 1,225

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Dr Cash 1,125

    Cr Accounts receivable 1,125

Dr Dividends 10,000

    Cr Cash 10,000

2)

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Debit           Credit                                 Debit           Credit    

100,750       1,250                                  <u>2,700          1,125  </u>

15,500         10,050                                1,575

1,125             1,225

<u>                     10,000</u>

94,850

 <u>Office Supplies</u>                                       <u>Equipment</u>

Debit           Credit                                 Debit           Credit    

<u>1,250                      </u>                                 <u>10,050                    </u>

1,250                                                       10,050

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Debit           Credit                                 Debit           Credit    

<u>10,050        10,050 </u>                                <u>                    100,750 </u>

0                  0                                                              100,750

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Debit           Credit                                 Debit           Credit    

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                   18,200

<u />

<u />

     <u>Dividends</u>

Debit           Credit

<u>10,000                   </u>

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4 0
3 years ago
Nomi is in the highest individual tax bracket and receives $375 in qualified dividends from Omega Corp. Nomi's tax liability (no
Makovka662 [10]

Answer:

A qualified dividend is taxed in the same was as long term capital gains. The tax rates for long term capital gains are lower than the tax rates for ordinary income and they range form 0 to 20%. In this case, since Nomi is in the highest tax bracket, she will most certainly pay the 20% tax rate on qualifying dividend = $375 x 20% = $75.

Explanation:

8 0
3 years ago
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