Answer:
General Journal entry:
Account Debit Credit
Amortization expense $6,750
Accumulated Amortization $6,750
(patent)
Explanation:
Given Data:
Price of patent=$38,500
Legal fees=$2,000
legal Life=13 years
useful life=6 years
Required:
Journal Entry
Solution:
Amortization:
For intangible assets, amortization is the decrease in book value over the period of time. However intangible assets have no physical appearance and they do not face any damage like fixed assets but with the passage of time their value decrease.
Calculating amortization expense for one year:
Amortization expense=
General Journal entry:
Account Debit Credit
Amortization expense $6,750
Accumulated Amortization $6,750
(patent)
I do believe luxurious brands are very picky with there titles
It is an internship because they aren’t paid and they foreshadow someone with the job that they want so A
Answer:
$77,500
Explanation:
The computation of the cash disbursement for June month is shown below:
= June purchase × month percentage given + May purchase × following month percentage + April purchase × second following month percentage
= $60,000 × 25% +$ 90,000 × 50% + $70,000 × 25%
= $15,000 + $45,000 + $17,500
= $77,500
The remaining percentage would be
= 100% - 25% - 50%
= 25%
Answer:
The answer is 2.25
Explanation:
Price Elasticity of Supply (PES)= percentage change in Quantity demanded/ percentage change in price
PES= (30-20)/20 *100) /( 55-45)/45*100) = 50%/22.22% = 2.25
