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Vedmedyk [2.9K]
3 years ago
8

These are selected 2017 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a useful

life of 5 years and a remaining legal life of 31 years. Mar. 1 Purchased a patent with an estimated useful life of 5 years and a legal life of 21 years for $112,800. Sept. 1 Purchased a small company and recorded goodwill of $150,200. Its useful life is indefinite. Indicate the amount of amortization expense on December 31, 2017, for Blue Corporation. Amortization expense $
Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer:

Check the explanation

Explanation:

Patents and Copyrights are amortized based on their useful life, not their legal life

It should be noted that Goodwill is not amortized

1. Debit 'Amortization Expense - Copyrights' $15,900 [($79500/ 5)]

Credit 'Copyrights' $15,900

2. Debit 'Amortization Expense - Patents' 18,800 [($112,800 / 5 ) x (10 /12 )]

Credit 'Patents' $18,800

.3. No entry

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Answer:

If the yield to maturity remains at 8%, then the bond's price will decline over the next year.

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When the bonds sells at a premium it means that the coupon payment is greater than the yield to maturity, which means that the income generated by the bond is greater than return required by the investor and because of this the bond sells at a premium because the investor is willing to pay more for the bond as it offers more income than its required rate of return. With a premium the bond price increases to a point where the coupon and required return become equal. When the bond has 10 years to maturity it means that it will give 10 equal payments to the investor which will be greater than the investors required return therefore the investor will be willing to pay a higher price for the bond, as the maturity decreases the number of payments which will be higher than the required return also decrease, so for example if there are 5 years to maturity then the bond will pay 5 payments that are greater than the required return so the investor will be paying a lower premium compared to when he was getting 10 payments that payed more than his required return.

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If customer satisfaction is a criterion for decision making, then customer satisfaction
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3 0
3 years ago
Read 2 more answers
Suppose an apartment complex converts to a condominium, so that the former renters are now owners of their housing units. Suppos
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