Answer:
a profitable opportunity involving three separate currency exchange transactions.
Explanation:
A triangular arbitrage occurs when the exchange rate between 3 currencies do not match up.
Answer:
1. Amortization Expense; Patents.
2. Copyright.
Explanation:
Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Basically, the three (3) main ways to protect an intellectual property is to employ the use of
I. Trademarks.
II. Patents.
III. Copyright.
Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.
Filling the missing words or texts in the question, we have;
1. The entry to record the amortization of a patent would include a debit to amortization expense and a credit to patents. Amortization in financial accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.
2. Copyright: the exclusive right to publish and sell a literary, artistic, or musical composition is granted by a patent.
<span>Government Revenue: the Sources. The governments in the US collect about $4.2 trillion
in a year income and payroll taxes. Income tax is where governments
collect the most tax: in federal, state, and local income tax they will
collect about $2.6 trillion in 2018.</span>
The answer for this question would then be c. Hope it helps!
Answer:
$60,000
Explanation:
Given:
Purchase Price = $300,000
Estimated Life = 10 Year
Residual Value = $50,000
Method = Double-Declining-balance
Computation:
Rate of Depreciation = [(Price - Residual value) / Estimated year] / (Price - Residual value)
= [($300,000 - $50,000) / 10] / ($300,000 - $50,000)
= $25,000 / $250,000
= 0.1 or 10%
Under Double-Declining-balance rate = 10% x 2 = 20%
Depreciation = Purchase price x deprecation rate
= $300,000 x 20%
= $60,000