Based on the cost of the copyright and the period of amortization, the amortization in 2022 will be <u>$40,000</u>
First find the annual amortization expense:
<em>= (Cost of copyright - Salvage value) / Useful life </em>
= (424,000 - 24,000) / 5
= $80,000
The amortization for 2022 will however be for 6 months as the copyright was purchased on July 1.
= 80,000 x 6/12 months
= $40,000
In conclusion, the amortization expense will be $40,000
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Answer:
Efficiency
Explanation:
Efficiency is when a market is producing the greatest possible amount given its resources. This is demonstrated by the production possibility frontier, which displays the maximum amount of a good that can be produced in relationship to the production of another good.
Answer:
Perpetual batteries has 2 options in order to meet its ethical responsibilities:
- Try to make sure that their system is 100% leak proof, but that would be very hard to do (systems are rarely perfect) and the public might not believe them. If the public does not believe them, they might still suffer form lower sales.
- Change the design of their batteries so that they no longer need to use the harmful chemical, and instead use environmentally friendly processes. This option is better because this change can be used to both solve environmental issues and helps to promote the company's image as green or environmentally friendly which can increase their sales volume.
Answer:
A) The employer records pension expense equal to the annual contribution.
Explanation:
Defined contribution (DC) pension plans are retirement plans that allow both the employer and employees make contributions and invest the those funds to try to earn more money for the moment they retire. So the future benefits will change depending on the performance of the invested funds.
Answer:
Break-even point in units = 12000 units
Explanation:
Break-even point is where sales and expenses are the same, thus the sales of a company are enough to cover its expenses.
Break-even point in units= Fixed cost / ( price of product-variable costs)
Variable expense ratio = variable expense per unit/price per unit
25% = 5/ price per unit
0.25=5/price per unit
5/0.25 = price per unit
$20 =price per unit
Break-even point in units= Fixed cost / ( price of product-variable costs)
Break-even point in units = $180,000 / ($20-$5)
Break-even point in units = $180,000 / $15
Break-even point in units = 12000 units
