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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

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Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th
nata0808 [166]

Answer:

Option (D) is correct.

Explanation:

Calculation of total manufacturing overhead:-

4000 units manufacturing overhead:

= Production volume ×  Manufacturing overhead

= 4,000 × $94

= $376,000

5000 units manufacturing overhead:

= Production volume ×  Manufacturing overhead

= 5,000 × $77.60

= $388,000

Variable cost per unit:

=\frac{5000\ units\ manufacturing\ overhead-4000\ units\ manufacturing\ overhead}{1000}

=\frac{388,000-376,000}{1000}

= 12

Fixed cost = Total cost - variable cost

                 = $388,000 - 5,000 × 12

                 = $388,000 - $60,000

                 = $328,000

So total monthly fixed manufacturing cost is $328,000.

7 0
3 years ago
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?a. Your basement floods,
VladimirAG [237]

Answer:

C

Explanation:

The answer is a tree branch breaks your bedroom window during a storm because this is covered by the homeowners insurance and not by the renters insurance

Renter’s insurance does not cover building or Structure on sites

7 0
3 years ago
Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to sell the car for $5800. ste
Novay_Z [31]
He should just seek the car for 3,800 if he was to continue with the restoration he would lose and extra 600 bucks. hes already lost 200 investing in the car already. so either way hes not making any sort of profit. hes just waiting his time.
3 0
3 years ago
Read 2 more answers
The study of the interaction between individuals and businesses is known as.
Dahasolnce [82]

The study of the interaction between individuals and businesses is known as microeconomics.

<h3>What is microeconomics?</h3>

Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.

It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.

Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.

Learn more about the microeconomics here:-

brainly.com/question/13120341

#SPJ1

3 0
2 years ago
The original value of a car is $15,000, and it depreciates (loses value) by 20% each year. What is the value of the car after th
Roman55 [17]
The value of car after three years is equal to the original price times the multiplier raised to a 3 (because of number of years). This is shown in the equation below,
                                         V = P x (1 - r)^3
Substituting the given values,
                                        V = ($15,000) x (1 - 0.2)^3
The value of the car after three years is equal to $7,680. The answer is letter D. 
7 0
3 years ago
Read 2 more answers
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