Answer:
Dr amortization expense $14,500
Cr Copyright asset $14,500
Dr amortization expense $6,250
Cr Patent asset $6,250
Explanation:
First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.
However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:
amortization charge=$87,000/6 years=$14,500
The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.
amortization charge=$30,000/4 years*10/12=$6250
The patent was only used for 10 months in the year
When a corporation purchases or builds a facility in a foreign country, it is called Foreign direct investments (FDI).
<h3>What is the purchase of one corporation by another called?</h3>
A corporation makes an acquisition when it buys the majority or all of the shares of another company in order to take over someone business. The acquirer can make choices on newly acquired assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets.
<h3>How are corporations bought and sold?</h3>
Another corporation may be owned by a corporation, and it may be acquired using the shares of the original corporation. There are two ways to purchase a company's business: through investing in the corporation that owns the business's shares (a share sale). The sellers in this situation are the company's shareholders, and they will sell the buyer their shares in the business.
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<h2>IFRS brings transparency, accountability and efficiency to finanacial market across the globe.</h2>
Explanation:
IFRS - International Financial Reporting Standards
Transparency:
a) international comparability
b) quality of financial information,
- enabling investors to make "economic decisions"
Accountability:
- It strengthens this aspect by reducing the information gaps
Efficiency:
- Helps investors to identify market opportunities
- Alert about the risks across the world
- lowers the Capital cost
Answer:
$128,787.07
Explanation:
Initial investment = $2.32 million = $2,320,000
Depreciation = investment ÷ Useful life
= $2,320,000 ÷ 3
= $773,333.33
Operating cash flows from year 1 to year 3
= [ ( Sales - Costs - Depreciation ) × (1 - tax) ] + Depreciation
= [ ( $1,735,000 - $650,000 - $773,333.33 ) × (1 - 0.21) ] + $773,333.33
= 1019549.99 ≈ 1,019,550
Thus,
NPV = Present value of cash inflows - Present value of cash outflows
Also,
Initial investment = 
- 2,320,000
or
NPV = $128,787.07
