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Mama L [17]
3 years ago
8

At the start of the current year, a company paid for the following in cash: Copyrights, $500,000 Equipment, $25,000,000 Goodwill

, $4,500,000 Inventory, $4,000,000 Land, $15,000,000 Prepaid rent, $500,000 Research and development, $2,000,000 Supplies, $1,500,000 Trademarks, $1,000,000 It amortizes its intangibles over 10 years. Determine its current year amortization expense.
Business
1 answer:
Andreas93 [3]3 years ago
3 0

Answer:

$50,000

Explanation:

Calculation to determine its current year amortization expense.

Using this formula

Current year amortization expense=(Copyrights /Numbers of Intangibles years)

Let plug in the formula

Current year amortization expense=($500,000/10 years)

Current year amortization expense=$50,000

Therefore its current year amortization expense will be $50,000

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Answer: <em>(C.) $2,005</em>

Explanation:

Given :

Money Co. made a cash outflow of $194,000 for the $200,000 loan Money gave to Home Co.  

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The stated rate is 11%.

Hence they will receive an effective interest rate of 12.4% on cash outflow.  

∴

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Answer:

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Zanzabum

Answer:

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