1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lera25 [3.4K]
3 years ago
6

Bryson Corporation purchased a limited-life intangible asset for $1,162,500 on May 1, 2018. It has a remaining useful life of 15

years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 (if necessary, round your answer to the nearest dollar)
Business
1 answer:
Nastasia [14]3 years ago
5 0

Answer:

$206,667

Explanation:

Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020

Using this formula

Total Amortization expense=Cost/useful life*Number of months

Let plug in the formula

Total Amortization expense=$1,162,500/180*32

Total Amortization expense=$206,667

Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months

Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667

You might be interested in
Whatever, Inc., has a bond outstanding with a coupon rate of 5.87 percent and semiannual payments. The yield to maturity is 6.9
leonid [27]

Answer:

Market price of the bond = $912.53

Explanation:

YTM = 6.90%

Coupon rate = 5.87%

Number of compounding per year = 2

YTM Per perid = 0.0345

Years = 13

Number of period = 26 (Nper)

Par value = 1,000

Semi annual coupon rate = 0.02935

The semi annual coupon payment = Par value * Semi annual coupon rate = 1,000 * 0.02935 = $29.35

Market price of the bond = PV(YTM, Nper, Semi annual coupon payment,Par value)

Market price of the bond = $912.53

6 0
3 years ago
Which statement best explains how manufacturers contributed to the economic slow down that lead to the Great Depression
Alex_Xolod [135]
They were overproducing goods
7 0
3 years ago
You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
Sveta_85 [38]

Answer: $825

Explanation:

Total seminar cost for the team;

= 150 * 5 people

= $750

Two cars need to be driven the 100-mile round trip at 37.5 cents per mile.

= 2 * 100 * 37.5

= 7,500 cents

= $75

Cost of Seminar = 750 + 75 = $825

5 0
3 years ago
Castle Brew Inc., a leading multinational beverage manufacturing company, coordinates with Waste Yard Inc., a waste management c
ycow [4]

Answer:

Socially responsible business

Explanation:

The company is investing in save the enviroment, so it is assuming his role inside the society. It is performing a policy which  does not seek profit, it seeks to generate a better and sustainable community and world.

It reduces waste and promotes recicling

5 0
3 years ago
The Finishing Department of Parker and King​, ​Inc., the last department in the manufacturing​ process, incurred production cost
Ymorist [56]

Answer:

transferred-out 135,000

Explanation:

We solve using the following identity:

beginning WIP + cost added during the period:

total cost to be accounted for.

Then this value can be either ransferred-out r remain at the ending WIP

so we construct as follows:

beginning                     0

added                180,000

Total cost           180,000

ending             <u>  (45,000)  </u>

transferred-out 135,000

3 0
3 years ago
Other questions:
  • __________ are not one of the types of engagements and related forms of conclusions that are defined by the attestation standard
    7·1 answer
  • Suppose the Fed carries out an open market sale of $100m and simultaneously decreases the minimum required reserve ratio from 10
    11·1 answer
  • He difference between the largest and the smallest data values is the
    7·1 answer
  • Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for​ May, June, and July are $70,000​, $
    5·1 answer
  • Using the midpoint method, the price elasticity of demand for a good is computed to be approximately 2. Which of the following e
    6·1 answer
  • a customer holds 1000 shares of abc stock valued at 80 in a margin account. the debit balance in the account is 35000. abc decla
    14·1 answer
  • What are the disadvantages for an employer of paying employees piece rate or commission
    13·2 answers
  • The following selected transaction were completed by gourmet company during January of the current year:
    10·1 answer
  • Which of the following is an example of an effective persuasive speech topic for a group of elementary school children?
    6·2 answers
  • If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could Group of answer choices
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!