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Leona [35]
3 years ago
10

began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was available for r

elease to customers at the beginning of 2022. Development costs incurred prior to June 30, 2021, were $3,210,000, and costs incurred from June 30 to the product release date were $1,410,000. The 2022 revenues from the sale of the new software were $4,008,000, and the company anticipates additional revenues of $6,012,000. The economic life of the software is estimated at four years. Amortization of the software development costs for the year 2022 would be:
Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

$352,500

Explanation:

Development costs incurred prior to June 30, 2021 must be expensed, they cannot be capitalized.

Capitalized R&D costs = $1,410,000

External use software (software intended to be sold to third parties) should be amortized using straight line amortization (4 years in this case):

amortization expense = $1,410,000 / 4 = $352,500

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Shelton Co. purchased a parcel of land six years ago for $874,500. At that time, the firm invested $146,000 in grading the site
Oliga [24]

Answer:

$926,000

Explanation:

For computing the initial cost of the warehouse project, we consider the current value of the land i.e represent the opportunity cost and the land value which is purchased six years ago for $874,500 represent the sunk cost which is not recoverable now. So, this sunk cost is not relevant.

And, the lease cost is also not relevant as the lease period will be ended soon.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Dan is the President of a major corporation. He is hiring a new Vice President, and while he knows Lauren is the most qualified
aksik [14]

The fact that Dan picked George over Lauren even though Lauren was the most qualified shows homosocial reproduction.

<h3>What is homosocial reproduction?</h3>

This refers to when people employ or choose people for a position that they feel are more like them.

Dan selected George over Lauren because he felt that George was more like him and so could be trusted better.

Find out more on employment bias at brainly.com/question/17368438.

#SPJ1

5 0
2 years ago
The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye
Effectus [21]

Answer: $30,000

Explanation:

Sales are $800,000 and the average price is $40. Number of units sold is;

= 800,000/40

= 20,000 units

Sales                $ 800,000  

<em>Less</em>: Cost of Goods Sold                 ($560,000)  

Gross Margin                  <u>$240,000</u>  

Less : Variable Costing  

Selling Expenses (20,000 units X $3.00)                  ($60,000)

Administrative Expenses (5% of $ 800,000)               ($40,000)  

Contribution Margin               <u> $140,000</u>  

Less: Fixed Cost  

Selling Expenses ($100,000 - $60,000)                    ($40,000)  

Administrative Expenses ($110,000 -$40,000)                     ($70,000)  

Net Operating Income                  <u> $30,000</u>  

3 0
3 years ago
Determine if the proportion is true. if it is not true, correct the error. v/x=x/v+w
chubhunter [2.5K]

your answer is c or the third option

6 0
3 years ago
Read 2 more answers
____________ makes subordinates aware of the importance of their performance to the organization and aware of their own needs fo
galina1969 [7]

Answer:

Transformational Leadership

Explanation:

Transformational leadership is a form or theory of leadership whereby the leader encourages employees or workers implement changes, whilst inspiring and motivating them to be innovative. A transformational leader is concerned with helping employees advance to higher levels of morale, confidence and motivation. They motivate employees to work for the good of the organization while also hitting on the aspects on the need for self growth.

3 0
2 years ago
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