What amount should c company record for patent amortization

Assignment Help Accounting Basics
Reference no: EM13488336

D Company registered a patent on January 1, 2015. C Company purchased the patent from D Company for $450,000 on January 1, 2020, and began to amortize the patent over its remaining legal life. In early 2021, C Company determined that the patent's economic benefits would last only until the end of 2025. What amount should C Company record for patent amortization in 2021?

Reference no: EM13488336

Previous Q& A

  Construct a simple cash flow statement and payback

Construct a simple cash flow statement and payback

  Define the reaction at both the anode and cathode

predict the reaction at both the anode and cathode for the electrolysis of molten NaF(in molten NaF,only the ions are present,ie no water is present).

  Analyse the finance costs of the respective sources

Identify the sources of short/medium and long term finances available to Citilink now and in near future. You may refer to Appendix I to support your findings, if needed.

  What is mooses patent amortization expense for 2015

Assuming the maximum period allowable is used for patent amortization, what is Moose's patent amortization expense for 2015?

  Evaluate the following mail questionnaire

Evaluate the following mail questionnaire that was delivered to households in a large southeastern city.

  The population of mid-level executives

1.Which of the following would be biased samples of the population of mid-level executives from a certain company? Explain your answer.

  Prepare a flowchart for a subway type retail business

Prepare a flowchart for a Subway type retail business

  American international automotive industries

American International Automotive Industries

  Does the large job shop become less expensive

At what Volume does the large job shop become less expensive than the small job shop?

  The two strategies will generate the highest overall profits

The two strategies will generate the highest overall profits?

Reviews

Write a Review

 

Similar Q& A

  Identify and analyze the three marks of reality in

identify and analyze the three marks of reality in particular concept of the no-soul doctrine. how do these differ from

  Complete the following exercise frank weston supervisor of

complete the following exercise frank weston supervisor of the freemont corporations machining department was visibly

  Transacting business with a foreign vendor

Which of the following does not represent an exchange risk on an exposed position to a company transacting business with a foreign vendor?

  Calculating expected return on portfolio

You own a portfolio that is 38 percent invested in Stock X, 22 percent in Stock Y, and 40 percent in Stock Z. The expected returns on these three stocks are 10 percent, 15 percent, and 12 percent, respectively.

  What is its foreign tax credit for the year

DC, a Delaware corporation, owns 5 percent of the stock of FC, a country X corporation that is not engaged in a U.S. Trade/Business and whose other shareholders are foreign persons.

  After looking at the description of the members of the

wal-martlocate the 2009 form 10-k for wal-mart in appendix a and consider the following questions1. with respect to

  On january 1 2013 sweetwater furniture company leased

on january 1 2013 sweetwater furniture company leased office space under a 21-year operating lease agreement. the

  First-out method used to cost inventories

The cost of the 500 units in process at the end of the period in the first-in, first-out method is used to cost inventories was which of the following:

  Roi for an investment center an outpatient clinic invests

roi for an investment center. an outpatient clinic invests 2300000. the desired roi is 12 percent. in the first year

  Determining interest in the current year

Mark Hancock is a self employed attorney who operates his law practice as an unincorporated sole proprietorship. In 2010, the IRS disallowed several business deductions he took in 2007 and 2008. In addition to paying the deficiency and assessed pe..

  Glitzy company produces several products in its factory

glitzy company produces several products in its factory including a wedding gown. the company uses a standard costing

  I am comparing a companies liquidity between 2 years in the

i am comparing a companies liquidity between 2 years. in the year 2007 i find it has a higher current ratio a higher

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