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Ely purchased a patent (with a remaining legal life of ten years) from Backo on January 1, 2010 for $300,000. Ely expected to use the patent for five years. The carrying value on Backo's books was $90,000.Show calculations. How much should be amortized for 2010?a. $9,000b. $18,000c. $30,000d. $60,000
Answer both parts of this question. Each part is worth seven and a half marks each. (a) Describe the features of the Torrens Title system of land registration and compare them t
In Section we had established an association among the effective and nominal rate of interest where compounding arise n times a year that is as given: r = (1 + k/m ) m - 1
A 4 year project has an initial asset investment of 306600, and initial net working capital investment of 29200, and an annual operating cash flow of -46720. The fixed asset is ful
Example of outbound logistics in bank
What was the business strategy underlying the merger? How was the acquisition financed? Was it a vertical, horizontal or conglomerate merger? The strategy behind those merge
Van Aalst Company's comparative balance sheet and income statement for last year appear below: Comparative Balance Sheet
what are methods of calculating depreciation?
Permanent accounts would not include a interest expense b wage payable c prepaid rent d unearned revenues
1. A fellow student says to you: "The statement of cash flows is the easiest of the basic financial statements to prepare because you know the answer before you start. You compare
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