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Gala2k [10]
3 years ago
6

At the start of the current year, a company paid for the following in cash: Copyrights, $2,000,000 Equipment, $25,000,000 Goodwi

ll, $4,500,000 Inventory, $1,500,000 Land, $15,000,000 Patents, $1,500,000 Prepaid rent, $500,000 Research and development, $500,000 Supplies, $4,000,000 Trademarks, $1,000,000 It amortizes its intangibles over 10 years. Determine its current year amortization expense. Group of answer choices $950,000 $400,000 $500,000 $350,000 $150,000
Business
1 answer:
kvv77 [185]3 years ago
8 0

Answer:

$350,000

Explanation:

total intangible assets:

Copyrights $2,000,000 (amortizable)

Goodwill $4,500,000 (not amortizable)

Patents $1,500,000 (amortizable)

Trademarks $1,000,000 (not amortizable)

since you can only amortize copyrights and patents, total amortization expense for the year = ($2,000,000 + $1,500,000) x 10% = $350,000

both trademarks and goodwill can be impaired though (impairment costs are evaluated on a yearly basis).

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Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
Zigmanuir [339]

Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

           (To record Fallow's contribution)

3 0
3 years ago
In what way does the IDP promote an integrated approach to the planning of municipal service delivery for development
allochka39001 [22]

Integrated Development Planning is primarily based on community desires and priorities. Communities have the opportunity to take part in figuring out their maximum critical needs.

<h3>What is municipal included Development Planning?</h3>

An Integrated Development Plan is a notable plan for a place that offers a normal framework for improvement.

It targets to coordinate the activities of the neighborhood and different spheres of presidency in a coherent plan to improve the quality of life for all of the human beings dwelling in a place.

Thus, the IDP system encourages all stakeholders who are living and behavior enterprises inside a municipal location to take part withinside the training and implementation of the improvement plan.

learn more about  Integrated Development Plan here:

brainly.com/question/988326

#SPJ1

4 0
2 years ago
Does this​ "stiff competition" mean that the demand curve for​ McDonald's Chicken McNuggets is​ horizontal? Briefly explain.
blagie [28]

Answer: I found the complete question on Google:

By 2017, McDonald's had stopped selling Chicken McNuggets and other products made from chickens fed antibiotics. The change increased McDonald's costs, but an article in the Wall Street Journal noted that "...McDonald's ability to raise its prices is limited because of stiff competition."Source: David Kesmodel, Jacob Bunge, and Annie Gasparro, "McDonald's to Curb Antibiotics in Chicken," Wall Street Journal, March 4, 2015. Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain.

And the correct answer is: "B. ​No, the demand curve is not horizontal because Chicken McNuggets are not identical to other chicken products.".

8 0
3 years ago
Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its befor
Arturiano [62]

Answer:

Cost of common equity is 15.7%  and WACC is 7.2%

Explanation:

D1 is  

D1= 2.25 (1+0.05)

The cost of common equity is  

Rs = 2.36/ 22.00 + 5% =0.157= 15.7%

The cost of common equity is weighted average cost of capital (WACC)  

WACC = (0.35) * (0.08) (1- 0.40) + 0 preferred stock+ (0.35) * (0.157)

WACC = 0.03 *0.6 + 0 + 0.054

WACC = 0.018 + 0.054

WACC = 7.2%

4 0
3 years ago
Individual marketing across segments creates more total sales than any other type of marketing. ​
Flura [38]

Answer:

false

Explanation:

7 0
3 years ago
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