Answer:
$14,200
Explanation:
<em>Step 1 Determine the Cost of the Patent </em>
Research and Development costs $101000
<em>Add</em> legal fees $41000
Total $142,000
<em>Step 2 Determine Amortization Expense </em>
Amortization Expense = Cost/ Useful life
= $142,000/10 years
= $14,200
Answer:
The correct answer is letter "C": introduction.
Explanation:
American economist Raymond Vernon (1913-1999) proposed the Industry Life Cycle model in which he displayed there are five (5) stages for that process: <em>introduction, growth, shakeout, maturity, </em>and <em>decline</em>.
In the introduction stage, the product demand is low because the market is not familiar with it yet. As a result, competitors do not consider the entity as a relevant rival and, growth is limited. The firm's supply chain is still being schemed and even the product being offered is being adapted according to the feedback the company receives.
Answer:
Option (A) is correct.
Explanation:
Given that,
Purchasing price of taxi = $32,000
Adjusted basis = $2,000 at the time of the accident
Cost of repair = $2,500
Insurance reimbursed Don = $700
Lesser of Adjusted basis at the time of the accident and Cost of repaired is the amount of causality loss before adjustments.
So, lesser amount is $2,000 as compared to the cost of repair ($2,500).
Therefore,
Amount of causality loss before adjustments = $2,000
Hence,
Don's casualty loss deduction:
= Amount of causality loss before adjustments - Insurance reimbursed
= $2,000 - $700
= $1,300
Being smart is something that's grown and cultivated, often by being curious enough to seek out new information and by recognising what you don't already know. Being smart is the ability to put ideas together, and create solutions to problems. Being smart is the ability to focus, concentrate, and communicate.
Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
