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
How is globalization affecting marketplaces in remote areas of the world?
PilotLPTM [1.2K]
Small scale businesses become known to the world because the world becomes a global village.
6 0
3 years ago
Over the past two years a cloud service consumers have made 24,531 attempts to invoke a cloud service's reporting capability. of
Slav-nsk [51]
The reliability rating of the cloud service is about <span>93.37%.</span>
5 0
3 years ago
Pestro manufactures a herbicide that is used in the parks in Metroville. After the parks were sprayed with the herbicide, a grou
Free_Kalibri [48]

Answer:

d. bring suit against Pestro under Section 402A even though there is no privity.

Explanation:

Section 402A enforces strict liability for physical harm that is caused a by the product sold to a buyer by a seller.

It states that if a seller sells a defective product that is unreasonably dangerous to an end user, the seller will be liable for any physical harm that results from its use.

Privity is when a contractual relationship exists between different parties in a transaction.

In the given scenario even without a privity the parents of the children and the dogs can bring suit against Pestro under Section 402A even though there is no privity.

They don't have to have a direct contractual relationship with Pestro.

4 0
2 years ago
When random assignment fails to create equivalent groups, the problem of _____ occurs?
s2008m [1.1K]
<span>Third variables are common problems that add or introduce additional explanations for a reaction or occurrence. That means that when conducting test, the variable is not the only consideration of cause, and the effect of the third variable must be analyzed and isolated from the overall results, otherwise the data is influenced and inaccurate.</span>
8 0
3 years ago
"New York City is issuing $500,000,000 of general obligation bonds paying interest on January 1st and July 1st of each year unti
poizon [28]

Answer:

  • 8 months for the first interest
  • 6 months for the second

Explanation:

The interest is to be paid semi-annually which means that it accrues for 6 months. However, the bond was issued on May 1, 2020 which is 8 months before the first interest payment on January 1, 2021 so the January payment will have to cover for those months as interest starts to build immediately the bond is purchased.

The second payment on July 1, 2021 will cover the period of 6 months between January 1 and July 1, 2021.

8 0
3 years ago
Other questions:
  • How many pounds of lima beans that cost $0.90 per pound must be mixed with 16 pounds of corn that cost o.50 per pound to make a
    5·2 answers
  • Inflation is a sustained rise in the general level of prices of goods and services.
    9·2 answers
  • Rather than offering its members ________ benefits, netroots associations often offer their members ________ benefits.
    9·1 answer
  • Name the departments, offices, or agencies that were created by the Dodd -F
    8·1 answer
  • The purchase of office equipment at a cost of $7,600 with an immediate payment of $4,200 and agreement to pay the balance within
    15·1 answer
  • Stewart Corporation manufactures solar powered calculators. The company can manufacture 1,120,000 calculators a year at a variab
    10·1 answer
  • As the marketing vice president of her firm, Jana is considering implementing a companywide pricing policy that all products mus
    14·1 answer
  • A new tax is put on luxury cars. Making them cost more to make. What happens to the supply of luxury cars?
    9·1 answer
  • Match each of the following accounts to its proper balance sheet classification.
    12·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!