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Question: In 2014, Xenex Market Services began development of a customer management software package for their own internal use and incurred $40,000 costs related to conceptual formulation of design alternatives. In 2015, management agreed to fully fund development of the software and spent $120,000 in development costs. In 2016, development was completed after incurring an additional $160,000 in development costs plus another $ 60,000 was spent on training costs for using the software. In 2017, the company started using the software and began amortizing related costs over a 10-year expected useful life. What is the amount of amortization expense for 2017 for this internally-developed software?
Determine the depreciation expense using both straight line method and declining balance method
Record issuance of the bonds on June 30, 2016, the payment of interest at December 31, 2016, and the semi-annual interest payment on June 30 2017
What is your company's monthly cost equation, operating costs and the current cost driver she has chosen
Make a solution using strategic variables available to you to sustain the economic profits firm can earn. What are some of pricing strategies which you would recommend? What are some of the nonpricing strategies which you would recommend?
How do you plan on utilizing the social media for your accounting business
englehart inc. reports the following operating results for the month of august sales 300000 units 5000 variable costs
a. Calculate the number of hours of direct labor used in November. b. Actual Manufacturing overhead costs incurred during November totaled $166,425. Calculate the amount of over or underapplied overhead for November.
Memtech Company is the exclusive distributor of a high-speed computer memory chip. The product sells for $50 per unit and has a CM ratio of 30%. The company's fixed expenses are $240,000 per year.
minor inc. had revenue of 572000 and expenses other than income taxes of 282000 for the current year. the company is
You notice that all receivables are treated as assets and all payables as liability in the chart of accounts. Is this correct? Explain your answer.
the st. augustine corporation originally budgeted for 360000 of fixed overhead. production was budgeted to be 12000
To avoid a recurrence, the Payroll Manager, Mary Arnstein, has asked you to prepare a summary of the CPP reporting requirements on T4 information slips.
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