All categories

3 years ago

Bluestone Company had three intangible assets at the end of the current year:

Business

1 answer:

Dimas [21]3 years ago

7 0

Answer:

Bluestone Company

1. Acquisition cost of each intangible asset:

Patent $3,200

Trademark = $0

Licensing Rights = $70,000

2. Amortization for the current year ended December 31:

Amortization Expenses:

Patent = $200 ($3,200/16)

Trademark = $7,500 (expensed in full)

Licensing Rights = $14,000 ($70,000/5)

3. BLUESTONE COMPANY

Income Statement (partial)

For the year ending December 31

Amortization Expenses:

Patent $200

Licensing Rights $14,000

Trademark expense $7,500

BLUESTONE COMPANY

Balance sheet (partial)

At December 31

Intangibles:

Patent $3,200

Acc. Amortization 200 $3,000

Licensing Rights $70,000

Acc. Amortization 14,000 $56,000

Explanation:

a) Data and Calculations:

a. Purchased patent on January 1 for $3,200 Estimated life 16 years

b. Internally developed trademark is expensed: $7,500

c. Purchasing Licensing Rights on January 1 for $70,000 for 5 years

You might be interested in

Marginal cost is ________ the average variable cost and the average total cost when they are ________

fredd [130]

Answer: equal to; at their minimum.

Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.

Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.

Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

8 0

3 years ago

Yani just graduated from college and moved back to his hometown in Connecticut. He is offered a job at the large insurance firm

user100 [1]

Answer:

With Yani's counter-wage offer, the insurance firm will likely reject his counter-offer and, in the extreme, withdraw the employment proposal with the firm.

Explanation:

As indicated in the question, the insurance company is a monopsony. A monopsony is the single buyer in the marketplace. This means that there is no other firm that can employ Yani in his Connecticut hometown. He must look for another job in another environment outside his hometown or condescend to accept the lower than hoped-for salary by the large insurance firm.

7 0

3 years ago

An employee at falcon security is studying an analysis of data regarding the occurrence of problems and failures with its drones

alexandr402 [8]

<span>falcon security is using the analysis for decision making. Knowing when and why the problems and failures of the drones and cameras occurred will help the employees in future to make decision (better and faster detect the problem and better maintain the equipment).</span>

6 0

3 years ago

Moral hazard is a situation when a. contract terms attract parties that have a higher preference for risk b. contract terms ince

monitta

Answer:

contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk

Explanation:

A moral hazard can be understood as the concept that a participant that is sheltered from danger in some manner will behave significantly than if they were not.

Every day, we see moral hazard in the form of established academics who remain apathetic presenters, individuals who have burglary insurance who are less attentive about where they parked, compensated workers who take long vacations, and etc.

Thus, from the above we can conclude that the correct option is C.

5 0

3 years ago

So I’m in IB and we have to come up with a creative personal project ... any ideas?

Karolina [17]

Maybe your could make earrings or jewelry out of litter to show how bad the issue is becoming?

5 0

3 years ago