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2 years ago

I am bad as worst and worst as excellent

Business

1 answer:

ArbitrLikvidat [17]2 years ago

7 0

Answer:

try using Googlde like Googdle will help u ndo neefsd to do it hedre

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Lamont Communications has amortized a patent on a straight-line basis since it was acquired in 2010 at a cost of $50 million. Du

Fittoniya [83]

Answer:

C) Patent amortization expense of $5 million.

Explanation:

Patent acquisition date is 2010

Cost of acquisition = $50 million

Initial Useful life = 20 years

Annual amortization = $50,000,000/20

= $2,500,000

Between 2010 and start of 2013 is 3 years

Carrying value at the start of 2013

= 50,000,000 - 3(2,500,000)

= $42,500,000

If patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost,

Patent amortization expense in 2013 = $42,500,000/8

= $5,312,500

This can be estimated as $5 million.

The right option is C) Patent amortization expense of $5 million.

6 0

4 years ago

If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000 , a deposit of $4,000 was in transit

sukhopar [10]

Answer:

The correct answer is C

Explanation:

The amount of correct balance which is shown in the bank account at the month end is:

= Month end balance - Outstanding balance + Deposit in transit at month end + Check which was erroneously charged by bank

= $36,000 - $10,000 + $4,000 + $600

= $26,000 + $4,600

= $30,600

Therefore, the month end balance amounts to $30,600 in the bank account.

4 0

3 years ago

On January 1, 2019, Richard Corporation acquired machinery at a cost of $750,000. The corporation adopted the double-declining b

butalik [34]

Answer:

The depreciation for the year 4 is $54,857.

Explanation:

The double declining depreciation method would be used which is as under:

Double Declining depreciation = (Cost - Acc. Depreciation) * 2 / Useful life

Now by putting values, we have:

Y1 Depreciation = ($750,000 - 0) * 2 / 10 years = $150,000

Y2 Depreciation = ($750,000 - 150,000) * 2 / 10 years = $120,000

Y3 Depreciation = ($750000 - $150,000 - $120,000) * 2 / 10 years

= $96,000

Now from year 3 onward, the depreciation method was straight-line and which can be calculated as under:

Straight-line Depreciation = (Cost - Salvage value) / Useful Life

Here

Cost = $750000 - $150,000 - $120,000 - $96,000= $384,000

Remainder life is 7 years

Now by putting values, we have:

Y4 Depreciation = ($384,000 - 0) / 7 years = $54,857

5 0

3 years ago

One of the key advantages of a franchise is: receiving management and marketing expertise from the franchisor. fewer restriction

Korvikt [17]

I think the most appropriate answer would be "receiving management and marketing expertise from the franchisor".

I hope it helped you!

7 0

3 years ago

Read 2 more answers

weston mines has a cost of equity of 20.8 percent, a pretax cost of debt of 9.4 percent, and a wacc of 17.1 percent. ignore taxe

jonny [76]

If weston mines has a cost of equity of 20.8 percent, a pretax cost of debt of 9.4 percent, and a wacc of 17.1 percent. ignore taxes. the equity-asset ratio is:0.48.

<h3>How to find the equity -asset ratio?</h3>

Given data:

Cost of equity = 20.8%

Pretax cost of debt = 9.4%

Wacc =17.1%

Hence,

Equity -asset ratio:

0.208=0.171 + [(0.171 - 0.094) ×E/A]

0.208 -0.171 = [(0.171 - 0.094) ×E/A]

0.037= 0.077 ×E/A

E/A = 0.037/0.077

E/A =0.48

Therefore the equity- asset ratio is 0.48.

Learn more about equity-asset ratio here:brainly.com/question/28138260

#SPJ1

3 0

1 year ago

I am bad as worst and worst as excellent​

I am bad as worst and worst as excellent