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shepuryov [24]
3 years ago
7

Blossom Company purchases a patent for $158,000 on January 2, 2017. Its estimated useful life is 8 years. (a) Compute amortizati

on expense for the first year. Amortization Expense (b) Show how this patent is reported on the balance sheet at the end of the first year.
Business
1 answer:
ohaa [14]3 years ago
6 0

Answer:

a. 19.750 b. 138.250

Explanation:

A. We divide 158.000 by 8 to get the amount per year

158.000/8= 19.750

  • Amortization expense (Db) 19.750
  • Accumulated amortization (Cr)                       19.750

B. On the balance sheet at the end of the first year, we would subtract those 19.750 to the gross value of the patent and the value of the patent would be

158.000 - 19.750 = 138.250

<u><em>Net carrying amount of the patent:</em></u><em> 138.250</em>

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The fact that support the idea that renting is a good is Landlords take care of most maintenance.

<h3>What is renting?</h3>

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It is obtaining a owner's property, in return for regular payments.

Hence, the fact that support the idea that renting is a good is Landlords take care of most maintenance.

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3 0
2 years ago
A in the expected future exchange rate ______ the demand for u.s. dollars. in the u.s. demand for imports _______ the demand for
KIM [24]

A in the expected future exchange rate increases the demand for u.s. dollars. in the u.s. demand for imports does not change the demand for u.s. dollars.

In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.

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8 0
2 years ago
Ralph pays his workers $ 100 each, and labor is the only variable cost. At a quantity of 5000 chickens, how many workers does he
Flura [38]

Answer:

He hires 8 workers

Explanation:

The total cost is $1600 for 5,000 chickens minus the fixed cost of  $800, which equals $800. The total cost is total of fixed cost and variable cost as in absence of production the total variable cost is zero so from this we can conclude that total fixed cost is zero.

Then divide the total variable cost ($800) buy what Ralph pays his workers ($100), which comes to 8.

6 0
3 years ago
Karl Marx's economic theories resulted in which global change?
Aleks04 [339]
Okay this question is a little tricky but I think the answer is B because he was one of the authors of the communist manifesto that states that the means of the production (Which is resources and the buildings that make the goods.) is Managed by the government. So that’s why I think it is B have a nice day :D
8 0
3 years ago
When the Fed buys bonds from financial institutions, new money moves directly Group of answer choices
Dimas [21]

Answer:

out of the loanable funds market.

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In the case when the Fed purchased bonds from a financial institution so the new money shift directly out of the funds market i.e. lonable because the bank reserve would increased also they begins lending at lesser rate of interest

Therefore as per the given situation, the fourth option is correct

And, the same is relevant

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3 years ago
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