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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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Approximately what percentage of meals are eaten away from home in the United States? a) 20% b) 30% c) 40% d) 50%
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C . Depending on how many siblings there are
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3 years ago
The procedures for using workgroup information systems need to be understood only by the IT department of an organization.
nikklg [1K]

False,The procedures for using workgroup information systems need to be understood only by the IT department of an organization.

<h3>What is information systems?</h3>

A formal, sociotechnical, organizational system designed to collect, process, store, and distribute information is known as an information system. Information systems are made up of four components from a sociotechnical standpoint: task, people, structure, and technology.

The field of information systems is concerned with the effective design, delivery, and application of information and communication technologies to solve problems for businesses, governments, and society.

System survey, needs analysis, design, implementation, testing, change, and maintenance are the six major stages of information system development.

To know more about information systems follow the link:

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7 0
1 year ago
A company declared and paid a cash dividend. The dividend would appear on the company's statement of cash flows as: Select one:
Kisachek [45]

Answer:

d. a deduction under financing activities.

Explanation:

As if the company declared and paid the cash dividend so the same is to be considered in the financing activities of the cash flow statement.

This amount should be shown in the negative amount as it decreases the cash that means it is an outflow of cash

Hence, the correct option is d. and the same is to be considered

3 0
2 years ago
In the past year at Carter’s Material Handling Equipment Manufacturing Company, eight employees experienced minor injuries (cuts
larisa86 [58]

Answer:

The performance problem to minor burns will be mainly psychological.

Explanation:

The staff involved will most likely exhibit a reduction in speed at which he or she executed the task which led to the burn.

If the personnel is in a chain of production where their own activity feeds others, it may translate to the increase in the time taken to achieve results.

One solution to this is to critically examine the production process and eliminate the cause of the accident if any.

If the cause of the incident was as a result of carelessness on the part of the staff, then he or she might have to be rescheduled to another department or unit where their current mindset will not stall the overall performance of the team/production line.

Cheers!

3 0
3 years ago
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Answer:

an externality, market failure

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The company in this case has a par production because the cost to the seller is the same as the benefit to the buyer. Now the company is dumping chemicals that are affecting people in the community that do not patronise them. The chemicals cause poisoning of wildlife and harms health of nearby residents.

This characterised an externality that is the dumping of chemicals affecting the residents in the community.

It is also a market failure because while the company is not making profit they are also harming the society where they operate.

8 0
3 years ago
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