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
koban [17]
3 years ago
11

Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected

useful life of five years with no residual value. Assume the company uses the straight-line method to record amortization. What is the carrying value of the copyright at the end of the first year?
Business
1 answer:
Fittoniya [83]3 years ago
3 0

Answer:

$40,000

Explanation:

Straight line ammortization expense each year = (Cost of the asset - Salvage value) / useful life

$50,000 / 5 = $10,000

Carrying value = Cost of asset - amortization expense = $50,000 - $10,000 = $40,000

I hope my answer helps you

You might be interested in
Researchers have discovered that "cyber-ostracism" by strangers elicits increased activity in the
Allisa [31]
<span>Researchers have discovered that "cyber-ostracism" by strangers elicits increased activity in the anterior cingulate cortex. If a stranger experience cyber-ostracism that means that they have been excluded or have excluded someone which could create emotions of bitterness or loneliness, superiority. The anterior cingulate cortex controls human emotions, so it would be responsible for the making the stranger experience any feelings that occurs during cyber-ostracism.</span>
4 0
3 years ago
The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indica
Setler [38]

Answer:

$59,080

Explanation:

The calculation of September cash disbursements is shown below:-

September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead

= $43,120 - $3,640 + $7.00 × 2,800

= $43,120 - $3,640 + $19,600

= $62,720 - $3,640

= $59,080

Therefore for computing the September cash disbursement we simply applied the above formula.

4 0
2 years ago
What is probability/impact matrix
yanalaym [24]

Explanation:

probability and impact metrix is a tool for the project team iad in prioritizing risks.

4 0
3 years ago
Read 2 more answers
Should I get a small dog I mean I always wanted you be but then I wouldn’t be able to go out of town
eduard

Answer:

okay

Explanation:

3 0
3 years ago
Read 2 more answers
After Hurricane Katrina there was considerable public outrage that many of the properties were not insured against flooding alth
STALIN [3.7K]

Answer:

A. the risk of wind damage is potentially diversifiable, but the risk of flooding is not

Explanation:

Based on the scenario being described it can be said that the best explanation for these different approaches would be that the risk of wind damage is potentially diversifiable, but the risk of flooding is not. Meaning that  most insurance companies cover wind damage because it is most likely during a hurricane but flooding may be a unique situation which is not always covered by most insurance companies/policies.

7 0
3 years ago
Other questions:
  • Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking th
    12·1 answer
  • Closing Entries In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volu
    15·1 answer
  • Which of the following combinations should be avoided? a. high price and high quality b. low price and low quality c. heavy prom
    6·1 answer
  • Future Value of Annuity. Twins Jessica andJoshua, both 25, graduated from college andbegan working in the family restaurant busi
    10·1 answer
  • The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a
    14·1 answer
  • Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls
    7·1 answer
  • True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
    12·1 answer
  • There is a bond with a coupon of 7.6 percent, seven years to maturity, and a current price of $1,032.20. What is the dollar valu
    10·1 answer
  • Use this information for ABC Corporation to answer the question that follow. ABC Corporation has three service departments with
    10·1 answer
  • Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!