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Damm [24]
3 years ago
5

The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here.

Business
1 answer:
fredd [130]3 years ago
5 0

Answer:

Journal entries to record the 2023 amortization expense for intangible assets.

Date        Accounts Titles and Explanation       Debit       Credit

Dec 31     Amortization Expense—Patents         $14,180

              ($71,800*1/10 + $45,000 * 1/9

                + $40,000*1/10*6/12)

                           Patents                                                       $14,180  

               (To record amortization of patents)    

Dec 31     Amortization Expense - Copyrights    $6,335

               ($50,500*1/10 + $257,000*1/50*3/12)

                         Copyright                                                       $6,335

               (To record amortization of copyrights)

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Explanation:

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Business portfolio is important because it demonstrates your skills and it increases your building trust which means when he or she sees your quality work and it can develop the trust about your business and also it helps in minimizing keep rejection of our services and the product.

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Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of
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two part pricing

Explanation:

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Two-part tariffs in open markets can also occur when customers are unsure regarding their final requirement. Consumers of fitness centers, for instance, may be unsure regarding their degree of potential dedication to an exercise routine.

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Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to t
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The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.

<h3>What is an extension?</h3>
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  • If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.
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Francine is interested in starting a new financial services company where she will manage the investments of others. she wants t
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Specialization in production will increase output.

As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.

Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.

The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.

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