User Account

All Pages

Write down adjusting journal entries regarding the patent

Assignment Help Accounting Basics
Reference no: EM132425895

Question - On 07/01/2008, Big sold a piece of patent to small for $5,000,000. Right before the transaction the patent had book value of $4,000,000. Note the patent had 5 years of useful life left upon the transaction. On 10/01/2008, small sold the patent for $5,500,000 to an outsider, please write down the adjusting journal entries for 2008 regarding the patent?

Reference no: EM132425895

Questions Cloud

How US Companys borrow for cross border funding : Do a google search this week, and see if you can find how U.S. Company's borrow for cross border funding. make it a broad search to include short term
Identify the components in the problem : Problem Solving." Please respond to the following: Select one (1) of the scenarios below.
What are the credit sales for the spring quarter : Question - A company has projected the following sales for the spring quarter of 2014. What are the credit sales for the spring quarter (all three months)
Describe the companies, brief history of current leadership : Describe companies' industry and business model - identify major components of the revenue.Describe the companies, brief history of current leadership
Write down adjusting journal entries regarding the patent : On 10/01/2008, small sold the patent for $5,500,000 to an outsider, please write down the adjusting journal entries for 2008 regarding the patent
How much interest expense will be paid on august : The mortgage entailed equal monthly payments of $2,700 at the end of each month. How much interest expense will be paid on August 31, 2018
Determine the dollar value of cash provided : Ocean Pines Company had net income $575,000. Determine the dollar value of cash provided or (used) by operating activities
Describe the situation with the drugs crossing : Describe the situation with the drugs crossing the border into the United States. Is it possible to adequately address this issue and not affect the US
Global inequality project : Take a look through your handbag, purse or wallet, at the tags on your clothing, at your cell phone, or any other personal item you use on a regular basis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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