User Account

All Pages

How much should be amortized for the year ended december

Assignment Help Accounting Basics
Reference no: EM132189458

Question - On January 1, 2017, Muhlenberg Corp. bought a trademark from Glasgow Corp. for $160,000. An independent consultant retained by Muhlenberg estimated that the remaining useful life is 50 years. The trademark's carrying value on Yarmouth's books was $61,000. Muhlenberg decided to write off the trademark over the maximum period allowed. How much should be amortized for the year ended December 31, 2017?

a) $4,000

b) $3,200

c) $1,220

d) $8,000

Reference no: EM132189458

Questions Cloud

What could be the possible risks associated : What could be the possible risks associated with an Enterprise Resource Planning system (ERP).
Discuss the three diagnostic models available to help : Identify the recent developments in technology affecting business and propelling globalization.
Does locking down mobile device operating systems : Does locking down mobile device operating systems make those devices more secure than older, more traditional operating systems of the past?
What causes you stress on the job : What causes you stress on the job? How do you deal with it? How do you supervisors and co-workers deal with their stress?
How much should be amortized for the year ended december : On January 1, 2017, Muhlenberg Corp. bought a trademark from Glasgow Corp. for $160,000. How much should be amortized for the year ended December
What is a job position in which you are interested : What is a job position in which you are interested. Based on these descriptions, describe two typical situations someone in this position would face
Meta-skills managers need for social enterprises : Meta-skills managers need for social enterprises to succeed in business: (1) acceptance, (2) differentiation, and (3) integration.
Fayol management model in a business : What are the effectiveness of using Fayol's management model in a business
What is net income under absorption costing : Assume the fixed overhead per unit was $7 for both the beginning and ending inventory. What is net income under absorption costing

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe how you could use environmental design to reduce

You have been hired to design a computer system for a small business. Describe how you could use environmental design to reduce energy usage and the system impact on the environment.

  Vanessa company is evaluating a project requiring a capital

vanessa company is evaluating a project requiring a capital expenditure of 480000. the project has an estimated life of

  Prepare traditional income statement and contribution margin

The Weezer company is a single product company. Prepare in good format, a traditional income statement and a contribution margin income statement.

  How much revenue does early record

If the software license and the consulting services are not interdependent, how much revenue does Early record in 2015

  Primary features of bpm software

Search the Internet for a specific technology to automatically capture a professional employee's time spent on a particular client engagement. What is the name of the software package and what are the primary features of this BPM software?

  From the video barcelona restaurant group - managing human

from the video barcelona restaurant group - managing human resources determine how the hiring practices at barcelona

  During your year-end review of the accounts related to

research and development lo10-8in 2013 space technology company modified its model z2 satellite to incorporate a new

  Calculate the annual average total return

Calculate the annual average total return (including dividends) to a U.S. dollar-based investor holding the shares for the entire period shown.

  Prepare a retained earnings statement for the year ended

a.prepare a multiple-step income statement for the year ended december 31 2014 concluding with earnings per share. in

  Thousands of stockholders lost millions of dollars

After the scandal was uncovered, thousands of stockholders lost millions of dollars as Enron share values plummeted."

  Presented below are selected transactions on the books

(Issuance of Bonds between Interest Dates, Straight-Line, Retirement) Presented below are selected transactions on the books of Simonson Corporation. May 1, 2010 Bonds payable with a par value of $900,000, which are dated January 1, 2010, are sold at..

  Which of the given analyses is the most beneficial one for

In your opinion, which of the given analyses is the most beneficial one for decision-makers: Analysis of balance sheet. Analysis of income statement. Analysis of statement of cash flow. Cite two instances where your chosen analysis stands more benefi..

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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