Answer:
$2,500
Explanation:
The education credit limit is pegged at $2,500 incurred on expenses that are directly connected to enrollment , attendance and other educational activities like tuition , textbooks
The expenses must have been incurred in the tax year or within the first three months of the following tax year.
Although all expenses are related to David's education , but she the can not claim more than the $2500 which is the upper limit.
Answer:
1. Amortization Expense; Patents.
2. Copyright.
Explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Basically, the three (3) main ways to protect an intellectual property is to employ the use of
I. Trademarks.
II. Patents.
III. Copyright.
Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.
Filling the missing words or texts in the question, we have;
1. The entry to record the amortization of a patent would include a debit to amortization expense and a credit to patents. Amortization in financial accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.
2. Copyright: the exclusive right to publish and sell a literary, artistic, or musical composition is granted by a patent.
The right answer for the question that is being asked and shown above is that: "<span>c. the revenue recognition principle. " </span>Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is <span>the revenue recognition principle. </span>
Answer:
keep your head up gamer your headsets fallin
Explanation:
what