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Lostsunrise [7]
3 years ago
12

Splish Brothers Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $403,200

and a remaining useful life of 8 years. During 2020, Splish Brothers incurred research and development costs of $95,000 and brought a patent infringement suit against a competitor. On December 1, 2020, Splish Brothers received the good news that its patent was valid and that its competitor could not use the process Splish Brothers had patented. The company incurred $93,500 to defend this patent. At what amount should patent(s) be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents
Business
1 answer:
ehidna [41]3 years ago
8 0

Answer:

i dont know

Explanation:

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Answer:

Exploration

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The owner accepted to purchase a small number of uniforms to try how good or bad they are. Andy is also testing if what the owner says is true about opening new centers and needing a lot of uniforms before making an offer for a larger lot.

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3 years ago
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$500,000

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See the formula of the future value of annuity ordinary through Google
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7 0
3 years ago
How does money encourage specialization?
svlad2 [7]

Hi I think it might be the second option: <u>You can specialize in mechanics and still be able to feed your family without growing your own food.</u> I say this because the key word specialization used in the question and specialize.

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8 0
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Read 2 more answers
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