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Minchanka [31]
2 years ago
5

Riser Corporation was granted a patent on a product on January 1, 1998. To protect its patent, the corporation purchased on Janu

ary 1, 2007 a patent on a competing product which was originally issued on January 10, 2003. Because of its unique plant, Riser Corporation does not feel the competing patent can be used in producing a product. The cost of the competing patent should be
Business
1 answer:
creativ13 [48]2 years ago
5 0

Answer:

c. amortized over a maximum period of 11 years.

Explanation:

The patent is an intangible assets which is to be reported on the current asset side of the balance sheet

Like other intangible asset i.e goodwill, trademarks, and other intellectual properties are also shown on the asset side of the balance sheet

These assets should be amortized, not it is depreciated

In the given case, the patent should be amortized over a maximum period of 11 years

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Why competition in the marketplace good for the economy
kumpel [21]

<h3>Competition has a positive impact, not only on the well-being of consumers, but also on a country's economy as a whole.Competition bolsters the productivity and international competitiveness of the business sector and promotes dynamic markets and economic growth.</h3>
5 0
3 years ago
Cold, Inc., reported a $100,000 total tax expense for financial statement purposes in year 1. This total expense consisted of $1
nadezda [96]

Answer:

170,000

Explanation:

With $600,000 of book income, the potential total book tax expense is $210,000 ($600,000 × 35%). However, the release of the $40,000 valuation allowance in the current year allows an additional $40,000 of future tax benefits (savings) to be considered in the current year. Accordingly, the total tax expense is $170,000 ($210,000 – $40,000).

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3 0
2 years ago
I made a website but I need help
svetlana [45]

Answer:

that depens am i going to regreat it or not?

Explanation:

6 0
2 years ago
The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):____
AlekseyPX

Answer:

b. Alternative cost. 

Explanation:

Sunk cost is cost that has been incurred and cannot be recovered.

Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.

Differential cost is the cost of two different options.

Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.

I hope my answer helps you.

3 0
3 years ago
The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space c
WITCHER [35]

Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.

<h3>What is the cost of producing the switches?</h3>

This can be found as:

= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent

= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)

= $205,900

If they bought the switches at $36, they would cost:

= 36 x 5,000

= $180,000

Its cheaper to buy by:

= 205,900 - 180,000

= $25,900

Find out more on total costs computation at brainly.com/question/5168855.

#SPJ1

7 0
1 year ago
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