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aniked [119]
3 years ago
6

Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le

gal life of 10 years, expiring on January 1, 2028. During 2020, Ivanhoe determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020
Business
1 answer:
Julli [10]3 years ago
3 0

Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

First, we have to calculate the amortization recorded up to 2019. This will be:

= (1,240,000 / 10) x 2

= 248,000

The we calculate the amortization to be recognized in 2020. This will be:

= (1,240,000 – 248,000) / 4

= 248,000

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

= 1240000 - 248000 - 248000

= $744,000

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Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1
Gennadij [26K]

Answer:

weighted average interest rate 10.61 %

Explanation:

construction capitalized interest  

 

mar-01  1,848,000.00 x 10/12  1,540,000.00

jun-01  1,248,000.00 x 7/12     728,000.00

dic-31  30,198,800.00 x 0     <u>       -              </u>

capitalization                     2,268,000.00

 

especific borrowings  

$1,038,290 note at 13% = 134977.7

capitalziation through non-specifit borrowings

2,268,000 - 1,038,290 =  1,229,710.00  

 

average rate  

loan                 rate     interest

2,241,900 10%      224,190

3,500,300 11%      385,033

5,742,200 609,223

average rate: 609,223/5,742,200 = 0.106095747

 

capitalized from non-specific:

1,229,710 x 10.61% =   130,467.00  

 

total interest capitalized =

134,977.7 + 130,467 =   265,444.70  

5 0
2 years ago
Start and explain five importance of HRM​
lana [24]

Answer:

Human Resource Management deals with issues related to compensation, performance management, organisation development, safety, wellness and others. HRM plays a role in managing people and the workplace culture and environment

Explanation:

6 0
2 years ago
Why is your amount owed considered when determining your credit score?
ankoles [38]

Answer:

Owing cash on credit accounts doesn't really mean you're a high-hazard borrower with a low credit Score. Notwithstanding, when a high level of an individual's accessible credit is been utilized, this can show that an individual is overextended, and is bound to make late or missed installments.

The amount owed on different accounts decides 30% of the FICO score. Aside from the general amount owed, the FICO scores think about the amount claimed freely on explicit accounts. On the off chance that you utilize a noteworthy part of the credit you are qualified for, it can negatively affect the FICO scores. Be that as it may, utilizing a less amount from as far as possible allowed can give you a superior score than not utilizing the credit by any stretch of the imagination.  

3 0
3 years ago
Clients are increasingly asking advertisers for ______, agreements on campaign-specific outcomes and consensus on how the effect
Minchanka [31]

Answer:

accountability metrics

Explanation:

Accountability metrics  are used by companies to measure the specific financial results of marketing campaigns. Marketing campaigns are expensive and require a lot of resources, both financial and labor resources, and as competition between producers increases, so does competition among marketing firms. The best way a marketing firm can increase its clients is by showing that their campaigns are effective, so every dollar invested by their clients will generate positive returns.

6 0
2 years ago
An agreement between the owner of a brand and another company or individual who pays a royalty for the use of the brand in assoc
levacccp [35]

Answer:

<u>Licensing.</u>

Explanation:

Brand licensing occurs when there is an agreement between companies to use a brand and its characteristics such as name, logo and image, upon payment of royalts for the use.

It is a strategy that occurs on a large scale worldwide due to the ease of use and the added benefits of using a consolidated brand in the market, which already has an established public, and added value, which generates an economic strengthening in companies that use this strategy. as well as increased reliability and profitability.

7 0
3 years ago
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