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
dexar [7]
3 years ago
14

On July 1, 2022, Jenks Company purchased the copyright to Jackson Computer tutorials for $424,000. It is estimated that the copy

right will have a useful life of 5 years and a remaining legal life of 9 years with an estimated salvage value of $24,000. The amount of Amortization Expense recognized for the year 2022 would be: ____________
Business
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Based on the cost of the copyright and the period of amortization, the amortization in 2022 will be <u>$40,000</u>

First find the annual amortization expense:

<em>= (Cost of copyright - Salvage value) / Useful life </em>

= (424,000 - 24,000) / 5

= $80,000

The amortization for 2022 will however be for 6 months as the copyright was purchased on July 1.

= 80,000 x 6/12 months

= $40,000

In conclusion, the amortization expense will be $40,000

<em />

<em>Find out more at brainly.com/question/7274714. </em>

You might be interested in
Hi i need help thank u
valentina_108 [34]

Answer: Aristotle's "modes for persuasion" - otherwise known as rhetorical appeals - are known by the names of ethos, pathos, and logos. They are means of persuading others to believe a particular point of view. They are often used in speech writing and advertising to sway the audience.

Explanation: Ethos (sometimes called an appeal to ethics), then, is used as a means of convincing an audience via the authority or credibility of the persuader, be it a notable or experienced figure in the field or even a popular celebrity.

Pathos (appeal to emotion) is a way of convincing an audience of an argument by creating an emotional response to an impassioned plea or a convincing story.

Logos (appeal to logic) is a way of persuading an audience with reason, using facts and figures.

6 0
3 years ago
During its first year of operations, Ellison, Inc. bills customers $18,000 for the services it provided. At the end of the year,
BlackZzzverrR [31]

Answer:

The answer is: $600

Explanation:

Ellison Inc.'s total sales for the year were $18,000. By the end of the year $12,000 had been paid in cash and $6,000 still remained as accounts receivable. Out of those $6,000, the credit manager estimates 10% will be be noncollectible, that amounts to $600 ($6,000 x 10%).

5 0
4 years ago
The concept of "exchange" is fundamental to the definition of marketing. What is the best description of exchange?
ale4655 [162]

Answer:

Marketing exchange

Explanation:

A marketing exchange occurs whenever there is an interaction between two or more people to buy and sell goods or services. An exchange therefor occurs when an person or an organisation makes a decision to meet its need or want and he is ready to pay some money or offer commodities.

The marketing theory states that a utility ought to be derived from an exchange, an it is an indication that what you get from trade is more than you trade.

3 0
4 years ago
Common stock is reported as an asset on the balance sheet. true or flase
jenyasd209 [6]
Your answer is suposed True

5 0
4 years ago
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
Deffense [45]

Answer:

1) The GDP deflator for this year is calculated by dividing the - (B) Value of all goods and services produced in the economy this year - using - (B) this year's prices - by the - A) Value of all goods and services produced in the economy in the base year - using - (A) the base year's prices

To calculate the GDP deflator, we divide the nominal GDP for the selected year, by the Real GDP of the base year, and we multiply the result by one hundred.

2) The CPI reflects only the prices of all goods and services - (B)bought by consumers

The CPI is a measure of the change in price of a selected basket of goods and services, usually those goods and services that consumers buy the most, whether they are produced domestically or not.

3) Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - (b) CPI

As explained above, the CPI measures the price of goods and services that are commonly bought by consumers. It does not matter if the good is produced in the U.S. or China.

4) Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - (a) GDP Deflator

It shows up in the GDP Deflator because the good is not a common good purchased by consumers. It is a good only consumed by those involved in the tree cutting business.

3 0
3 years ago
Other questions:
  • The relationship between interest rates with differing times to maturity is known as the ________ ________ of interest rates.
    11·1 answer
  • In accordance with RESPA, whenever a buyer obtains a new first mortgage loan from a chartered or insured lender, when the loan i
    7·2 answers
  • By using focus group feedback, Kraft was able to develop a positioning strategy. Focus groups are what type of research?
    14·1 answer
  • Suburban Homes Construction Project Quality Management Plan (QMP)
    5·1 answer
  • What is a pur autre vie life estate?
    5·1 answer
  • ​The production team of a company that manufactures cricket balls has determined the quantity of leather, threads, labor, and el
    8·1 answer
  • Which one of the following is not a factor that makes it appealing to diversify into a new industry by forming an internal start
    5·1 answer
  • Gloria's research team is looking into how effective their new "Community Clean-Up" ad campaign might be. In doing so, they are
    5·1 answer
  • A ___________ enables you to view data from a table based on a specific criteria
    5·1 answer
  • Type the correct answer in the box. spell all words correctly. what is the third primary decision when it comes to making financ
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!