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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

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Answer:

A) 14.72 hours

B)  An additional worker should be hired since the lost work time is 14.72 hours

Explanation:

Number of machines on manufacturing line = 8

percentage of machine been down = 23%

number of workers capable of running and repairing machines = 2

machine productivity ( per machine ) = 18 units/hour

overhead cost / machine = $713

hourly rate paid per worker  = $15

Total number of work hours = 8 hour

A) calculate Total amount of lost worktime

 = number of machines * Total number of work hours * 23%

= 8 * 8 * 23% = 14.72  hours

B) An additional worker should be hired since the lost work time is 14.72 hours

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3 years ago
Select the correct words to complete the statements about two different information sources for consumers.
Vesnalui [34]
The answers are as follows:
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4 0
3 years ago
Read 2 more answers
The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference bet
velikii [3]

Answer:

book value and market value.

Explanation:

Book value of an asset is the value of an asset as reported originally in the balance sheet or financial statement of an organization, which may be adjusted for subsequent changes as a result of depreciation or impairment.

Market value is the price or cost associated with an item trading in the open market, it entails the lowest price a seller is willing to sell and the highest price a potential buyer is willing to pay to buy goods over a period of time in the market.

The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference between its book value and market value.

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3 years ago
Dawntreader Landscaping is considering purchasing $175,000 of new lawn equipment and they anticipate the additional equipment wi
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Based on the cost of the new lawn equipment to Dawntreader Landscaping and the weighted cost of capital, the profitability index will be 1.0216.

<h3>What is the project's profitability index?</h3>

The profitability index is a capital budgeting method that is used to decide if a project is financially viable.

It can be solved by the formula:

= Present value of cash inflows / Present value of cash outflows

The present value of the cash inflows is $178,783.91.

The present value of the cash outflow is the cost of $175,000.

The profitability index is therefore:

= $178,783.91 / $175,000

= 1,0216

Find out more on profitability index at brainly.com/question/28077968

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2 years ago
An economic system based on open competition in a free market, in which individuals and companies own the means of production an
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I think it is Capitalism hope that help
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