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A patent was acquired by Grotius Corporation on January 1, 2000, at a cost of $72,000. The useful life of the patent was estimated to be 10 years. At the beginning of 2004, Grotius spent $9,000 in successfully prosecuting an attempted infringement of the patent. At the beginning of 2005, Grotius purchased a patent for $25,000 that was expected to prolong the life of its original patent for 5 additional years. On July 1, 2008, a competitor obtained rights to a patent that made the company's patent obsolete. Grotius records amortization expense directly with a credit to the Patent account.
InstructionsCalculate the following amounts for Grotius Corporation.(a) Amortization expense for 2000.(b) The balance in the Patent account at the beginning of 2004, immediately after the infringement suit.(c) Amortization expense for 2004.(d) The balance in the Patent account at the beginning of 2005, after purchase of the additional patent.(e) Amortization expense for 2005.(f) The amount of loss recorded at July 1, 2008.
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Explain Capital budgeting involves calculation of net present value and The following information is associated with this project
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After a banner year of rising profits and positive stock returns, the managers of raptor pharmaceuticals company decided to launch a seasoned equity offering to increase new equity capital RPC currently has ten million shares.
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Toyota Motor Credit Corp (TMCC) a subsidiary of Toyota Motor offered some securities for sale to the public on March 28, 2008. Why would TMCC be willing to accept such a small amount today in exchange for a promise to repay about four times that am..
Discuss the primary responsibilities of a corporate financial staff.
Compare and contrast the characteristics of securities of money market with those of capital market.
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