Problem of van frank telecommunications

Assignment Help Financial Accounting
Reference no: EM13508732

Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the patent on a straight line basis since 2009, when it was acquired at a cost of 9 million at the beginning of that year. Due to rapid technological advances in the industry, management decided that the patent would benefit company over a total of six years rather thanf the nine year life being used to amortize its costs. The decision was made at the end of 2013 (before adjusting and closing entries).

Reference no: EM13508732

Questions Cloud

Estimate the weight of the water : A 450 cm3 block of aluminum (D = 2.7 g/cm3) is lowered carefully into a completely full beaker of water. What is the weight of the water
How many molecules of water are there : A liter of water has a mass of 1 kg and the mass of a water molecule is 18 amu. How many molecules of water are there in 2 L of water
How many carbon atoms are there in a diamond : Given that the carbon atom has a mass of 12 amu, how many carbon atoms are there in a diamond with a mass of 8 g
How much will you pay for the company stock today : Stock values: Warren Corporation will pay a $3.60 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require a 13 percent return on your investment, how much will you pay for the..
Problem of van frank telecommunications : Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the patent on a straight line basis since 2009, when it was acquired at a cost of 9 million at the beginning of that year.
Show how accounts receivable will appear : Prepare the December adjusting entry to estimate bad debts, assuming uncol-lectible accounts are estimated to be 8% of net credit sales.
Find by what percentage does the intensity increase : At a rock concert, the engineer decides that the music isn't loud enough. He turns up the amplifiers so that the amplitude of the sound, By what percentage does the intensity increase
Calculate the present value index for each alternative : The large trucks are expect to cost $800,000 and to have a 4 year useful life ans a $80,000 salvage value. the training cost are expect to amount to $16,000 Fast Delivery management has established a 16 percent desired rate of return.
What is the magnitude of the force on the box : If it takes 40 J to push a large box 4 m across a floor, what is the magnitude of the force on the box

Reviews

Write a Review

Financial Accounting Questions & Answers

  Taylor corp is growing quickly dividends are expected to

taylor corp. is growing quickly. dividends are expected to grow at a 31 percent rate for the next three years with the

  When will your money equal the cost of the laptop

The cost of laptop computers is decreasing at a rate of 12% per year. You can earn 7.4% annual interest from a "junk Bond" fund. If the laptop you want currently costs $1500 and you have $800 to invest, when will your money equal the cost of the ..

  Determine the expected return on barbaras investment

Determine the expected return on Barbaras investment

  Question show the 2009 financial statements for the walt

question show the 2009 financial statements for the walt disney company on the internet. use the information contained

  Determine the investment’s net present value

Determine the investment’s net present value, the internal rate of return and payback period. All key assumptions should be specified and explained.

  What documents will you seek during discovery to address

As the forensic accountant hired by the U.S. Justice Department to litigate this case, answer the following: What documents will you seek during discovery to address the whistle-blower’s allegations?

  Illustrate what would the selling price have to be in order

Assume that Felde Company sells the same number of units in 2012 as it did in 2011. Illustrate what would the selling price have to be in order to reach the stockholders' desired profit level?

  Evaluate how does above bullet point affect ora audit report

Evaluate how does above bullet point affect Ora's audit report to Noved's Board of Directors and Jones's firm provided financial consulting services to Noved during 2009 and 2008, for which Noved paid just about $1,600 and $9,000, correspondingly.

  How much of the supplies variance is due to a change

Using the information in the table below, determine how much of the supplies variance is due to a change in volume.

  The trial balance of the parton wholesale company contained

the trial balance of the parton wholesale company contained the following accounts at december 31 2010 the end of the

  Which internal control principle if any is being violated

Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated..

  Briefly discuss when management would tend to favor option

Arg, Inc. developed the following information to help you prepare alternative production budgets for a new. product. For all scenarios, planned starting inventory for the first month s 8,000 units.

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!

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