User Account

All Pages

Find what carrying value of the patent on december

Assignment Help Accounting Basics
Reference no: EM132737390

On July 1, 2017, Polar Electronics, a manufacturer of microprocessors, acquired a patent for P425,000. The patent has a useful life of 10years but a legal life of 20 years. The policy f the company is to amortized its intangible assets using the straight line method to the nearest full month. On January 10, 2018 the company was engaged in a lawsuit relating to this patent but successfully defended it against it competitor with a cost of P63,750

  • In 2019 due to the rapidly changing nature of the micro processors, management changed its estimate of the useful life of the patent to four years excluding the current year.

Problem 1: Carrying value of the patent on December 31, 2018

Problem 2: Amortization expense in 2020

Reference no: EM132737390

Questions Cloud

Calculate the FUTA tax owed by the employer : Calculate the FUTA tax owed by the employer. During the current pay period, these employees earn $2,100 and $2,910, respectively
Create instructions for admission procedures : In an ambulatory care setting, you may be required to refer some of your patients to a specialty clinic or hospital for additional tests or procedures.
Write your response on narrative therapy : She is prescribed to treat the symptoms that she is exhibiting will help convince her to become more compliant. Based on the information that you provided.
Job satisfaction and performance of organizational member : Jennifer Dunn is CEO of Chasma, Inc., a provider of wireless Internet-related services. Her firm has been very successful over the past several years
Find what carrying value of the patent on december : What Carrying value of the patent on December 31, 2018. On July 1, 2017, Polar Electronics, a manufacturer of microprocessors, acquired a patent for P425,000.
What carrying value of the investment property as of dec : What Carrying value of the investment property as of December 31, 2020? On July 1, 2017 Graco Company acquired an investment property for P8.7 million
How to take care of the children without any harm : These children are always on the go and in this case, we need to guide the parents on how to take care pf these children without any harm.
Explain how integrated supply chain strategy : Explain how an integrated supply chain strategy contributes to the organization's organizational efficiency and effectiveness.
How much gross profit would the company report : Assume that Pharoah uses the FIFO cost flow assumption. Calculate cost of goods sold. How much gross profit would the company report

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