User Account

All Pages

Wallach inc has capitalized computer software costs of

Assignment Help Accounting Basics
Reference no: EM13391309

Wallach Inc. has capitalized computer software costs of $7,200,000 on its new "Trenton" software package. Revenues from 2014 (first year) sales are $4,000,000. Additional future revenues from "Trenton" for the remainder of its economic life, through 2018, are estimated to be $20,000,000.

Instructions

(a) What method or methods of amortization are to be applied in the write-off of capitalized computer software costs?

(b) Compute the amount of amortization for 2014 for "Trenton."

Reference no: EM13391309

Questions Cloud

Leslie has worked in this position for over 4-years and he : leslie is a middle-level production manager at the california branch of alt corp. alt corp. is an automobile
At 99 condence find the margin of error find the 99 : suppose a marine biologist was studying a population of lobsters of the coast of singapore. to determine the mean
Identify any considerations you will need to employ to : select a current product with which you are familiar and pitch a new integrated marketing communication plan imc to
Why are noncash transactions such as the exchange of : why are noncash transactions such as the exchange of common stock for a building for example included on a statement of
Wallach inc has capitalized computer software costs of : wallach inc. has capitalized computer software costs of 7200000 on its new trenton software package. revenues from 2014
Megan graduated from college three years ago and has been : megan graduated from college three years ago and has been working at sterba inc. ever since. a conscientious employee
Would bmw be justied in advertising that under standard : show all formulas and calculations in an organized fashion for full credit. because of the expense involved car crash
Show how the 3000000 of short-term debt should be presented : on december 31 2014 hernandez company had 3000000 of short-term debt in the form of notes payable due february 2 2015.
Include a cover page containing the title of the assignment : assume that you are a consultant who has been hired by a major existing company of your choice to assist it in

Reviews

Write a Review

Accounting Basics Questions & Answers

  Component of pension expense

Which of the following is not a component of pension expense under defined benefit plans?

  Who would take advantage of the advertising allowance offer

Write the journal entry to show the effect of the accrual (if any) that should be made as of December 31 with respect to the advertising allowance offer.

  Prepare the journal entry for the year-end adjust

Subtract the $60,000 write-off) b) Prepare the journal entry for the year-end adjustetn to the Allowance for Doubtful Accounts balance as of Dec 31,2007

  Activity variance for personnel expenses

The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January:The activity variance for personnel expenses in January would be closest to:

  Calculate and record the gain or loss on the sale

Sold 280 shares of sohn corporation common stock for $28.00 per share. the shares were originally purchased on july 11, 2013 for $22.00 per share plus a commission of $62. Central brokerage retained a commission of $72 on the sale and forwarde..

  What was the net change in cash

How much cash flow did the company have from Operating, Investing and Financing actvities.

  Key factors which impact company decision

Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.

  How do the transactions in the divorce agreement affect

Transfer title of their personal home to Barbara. They purchased the house in 1998 and their basis today is $400,000. The fair market value of the house is $500,000. The house is subject to a 25-year, $250,000 mortgage.

  What amount of the net operating loss may maple corp use

Maples Corp., whose outstanding stock is worth $4 million, has a net operating loss carryforward of $1 million. Maples is owned 45 percent by Alan and 55 percent by Cline, who are otherwise unrelated.

  Appreciated property without gain recognition

Relative to corporate formation, how one can contribute appreciated property without gain recognition to the Transferor?

  Amount of working capital required

Managing working capital effectively is what keeps good businesses from going bankrupt. So how does management determine the total amount of working capital required?

  Problem related to process costing system

Write a brief summary (one paragraph) for each of the three companies that include the name, web site address, and a brief description of its business. Secondly, please discuss the reasons why the company would most likely use a process costing sy..

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