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Mining Company acquired a patent on an oil extraction technique on January 1, 2006 for $5,000,000. It was expected to have a 10 year life and no residual value. Mining uses straight-line amortization for patents. On December 31, 2007, the expected future cash flows expected from the patent were expected to be $600,000 per year for the next eight years.
The present value of these cash flows, discounted at Mining's market interest rate, is $2,800,000. At what amount should the patent be carried on the December 31, 2007 balance sheet?
a firm is considering two alternative proposals for modernizingits production facilities. to provide a basis for
franklin craft store completed the following merchandising transactions in the month of october. at the beginning of
They are issued at $300,300 and their market rate is 9% at the issue date. Prepare the January 1, 2009, journal entry to record the bonds' issuance.
the records at the end of january 2012 for captain company showed the following for a particular kind of merchandise
mozena corporation has collected the following information after its first year of sales. sales were 1500000 on 100000
uring February, cash payments totaled $93,400, and the February 28 balance was $15,200. Determine the cash receipts during February.
Which of the following entries would correctly record the charging of direct labor costs to Work in Process given an unfavorable labor efficiency variance and a favorable labor rate variance?
the balance in the prepaid insurance account before adjustment at the end of the year is 11500. journalize the
How much cash is in the retained earnings account - dtermine the maximum dividend GreyCo can pay - Determine the amount of retained earnings as of 12-31-2013.
Prepare a training program for new employees in the customer care call center.
is the wacc an average concept or a marginal concept in your opinion? should we use the historical wacc or the marginal
A company reports its 2007 cost of goods sold at $15.0 million. Its ending inventory for 2007 is $1.6 million and for 2006, ending inventory was $1.2 million. How much inventory did the company purchase during 2006?
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