$12120 is the annual amortization expense
<u>Explanation:</u>
The following formula is used to calculate the annual depreciation expense that will be recorded in the books of accounts
Depreciation = ( cost of the asset minus salvage value) divide by number of years.
Given data in the question: number of years = 10, cost of the asset = $124000, salvage value = $28000
Putting the figures in the formula,
Depreciation expense = ($124000 minus $28000) divide by 10
After solving, we get = $12120
Thus, annual depreciation expense = $12120
Answer:
c. To focus on establishing a brand name
Explanation:
Specialty products are products that people want to buy because they are unique and are from a certain brand they prefer. According to this, the answer is that in this case, the objective of the manufacturers of Caroline Perfumes would be to focus on establishing a brand name because that would create customers' loyalty and they would be willing to make an effort to buy the product.
I don't think so cause they are both different companies. <span />
Answer:
D.the semiannual interest payment amount is $24000
Explanation:
Debt securities are recorded on the purchase price of the securities which includes purchase price and any brokerage costs etc. Cost recorded and maturity value of this security will be $300,000 because these are issued on par and will mature on par value.The semiannual interest payment will be $12,000 ( $300,000 x ( 8% /2)) rather than $24,000. Interest revenue will also be credited to the interest revenue account. So the only incorrect option is D.the semiannual interest payment amount is $24000.
