User Account

All Pages

Compute the amount of amortization

Assignment Help Accounting Basics
Reference no: EM131793562

Question - Accounting for Computer Software Costs

Majoli Inc. has capitalized computer software costs of $3,633,000 on its new "Trenton" software package. Revenues from 2010 (first year) sales are $2,062,400. Additional future revenues from "Trenton" for the remainder of its economic life, through 2014, are estimated to be $10,312,000.

Compute the amount of amortization for 2010 for "Trenton" using the: Straight-line method and Percent of revenue method.

How much amortization should be recognized for 2010 for "Trenton"?

Reference no: EM131793562

Questions Cloud

What must the expected return on the market be : A stock has an expected return of 0.13, its beta is 1.54, and the risk-free rate is 0.04. What must the expected return on the market be?
What entry does galen make at the maturity date : What entry does Galen make at the maturity date, assuming Picard pays the note and interest in full at that time
Compute the risk neutral probabilities : Suppose that, in each period, the cost of a security either goes up by a factor of u = 2 or down by a factor d = 1/2.
What is the total of the current liabilities : What is the total of the current liabilities at the end of the year. Do not round intermediate calculations
Compute the amount of amortization : Compute the amount of amortization for 2010 for "Trenton" using the: Straight-line method and Percent of revenue method
Prepare a powerpoint presentation for the new board members : Prepare a PowerPoint presentation for the new Board members. Description of the purpose of government accounting and financial reporting.
Estimated total future cash flows from the trade : Reymont determines that fair value of the trade name is $16,111. Estimated total future cash flows from the trade name is $17,335 on January 3, 2011
Examine the difference in marketing strategies : Discuss why and how some Low Cost Carriers (LCC) are implementing Strategies which move away from the ‘pure' Low Cost business model. Use Specific airline
Explain the statements with explanation : If a borrower would like to lower his/her monthly mortgage payments he/she can make a larger initial down payment.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd