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
Soloha48 [4]
2 years ago
15

Bluestone Company had three intangible assets at the end of the current year:

Business
1 answer:
ra1l [238]2 years ago
8 0

Answer:

Bluestone Company

a. The acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. The amortization of each intangible asset for the current year ended December 31:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

c. Balance Sheet as of December 31, of the current year:

Intangible Asset:

a. Patent                     $3,600

b. Trademark               8,000

c. Licensing Rights   90,000

Total Intangible      $101,600

less amortization       15,300

Net book value      $86,300

Income Statement for the year ended December 31 of the current year.

Amortization Expenses:

a. Patent                      $300

c. Licensing Rights $15,000

Explanation:

a) Data and Analysis:

a. Patent $3,600 Cash $3,600

b. Trademark $8,000 Cash $8,000

c. Licensing Rights $90,000 Cash $90,000

a. Acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. Amortization of each intangible asset:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

You might be interested in
The​ stockholders' equity of Gorsky Company at the beginning and end of 2018 totaled $ 125,000 and $ 131,000​, respectively. Ass
Debora [2.8K]

Answer:

The assets at the end of 2018 will be for 222,000

Explanation:

We solve using the accounting equation:

Assets = Liabilities + Equity

2017

Equity 125,000

Assets 145,000

<em>Assets = Liabilities + Equity</em>

145,000 = Liabilities + 125,000

145,000 - 125,000 = Liabilities

Liaiblities = 20,000

2018

Equity 131,000

"Liabilities increase by 71,000"

Liabilities = 2017 + increase = 20,000 + 71,000 = 91,000

<em>Assets = Liabilities + Equity</em>

Assets = 91,000 + 131,000 = 222,000

5 0
3 years ago
Similar Occupations to a singer
dsp73

Answer:

Sound editer, rapper, Beat boxer,

Explanation:

Mark me brainiest

7 0
2 years ago
Read 2 more answers
If chance or uncertainty is present in a system then there is an element of ____ in the decision making problem. a. danger b. ri
Elanso [62]

Answer: The answer is (D) Risk

Explanation:

3 0
2 years ago
Opinion polling and market research are examples of stratified random sampling.
julia-pushkina [17]
Uhhh oh ok I pick false
3 0
2 years ago
What is the process of selecting personnel who fit well within the organizational structure and who are competent in their assig
I am Lyosha [343]

Answer:

Human resource management

Explanation:

Human resource management (HRM) process includes the following:

  1. recruiting, selecting, and inducting new employees,
  2. providing orientation, training and development,
  3. appraising the performance of employees,
  4. deciding compensation and providing benefits,
  5. motivating employees,
  6. maintaining proper relations with employees and their trade unions,
  7. ensuring employees safety, welfare and health in compliance with labor laws.
3 0
3 years ago
Other questions:
  • How might the market imbalances caused by an anti-price gouging law be dealt with?
    7·1 answer
  • Theresa, an HR manager, works for a firm that is planning to expand overseas. Theresa is in the process of workforce planning an
    13·1 answer
  • Tanner Entertainment is a popular video game manufacturer. It has recently launched a special line of adventure video games, bas
    12·1 answer
  • Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $5,300. On September 9, the custom
    14·1 answer
  • Read the graph. What can the reader reasonably conclude from information in the graph?
    13·2 answers
  • Please help me. I will mark you as brainliest !!
    5·1 answer
  • During 2019, $27,000 of cash dividends were declared and paid. A patent valued at $80,000 was obtained in exchange for land. Equ
    8·1 answer
  • The __________ Rate is the interest rate the Fed charges banks and thrifts to borrow to meet the reserve requirement.
    14·1 answer
  • Even though it was extra work for the company to implement, Johan was happy that consumers had asked for a better grade of plast
    11·1 answer
  • Amounts withheld from employee's earnings for employee income tax is considered a _____ by the employer until the government is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!