Business, 25.11.2019 20:31 BlackAfro17

On january 1, 2018, tabitha designs purchased a patent giving it exclusive rights to manufacture a new type of synthetic clothing for $240,000. while the patent had a remaining legal life of 15 years at the time of purchase, tabitha expects the useful life to be only eight more years. in addition, tabitha purchase equipment related to the production of the new clothing for $140,000. the equipment has a physical life of 10 years but tabitha plans to use the equipment only over the patent’s service life and then sell it for an estimated $20,000. tabitha uses straight-line for all long-term assets. the amount to expense in 2021 related to the patent and equipment should be: a. $40,000b. $38,000c. $45,000d. $31,000

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:30

You want to paint your room yellow, so you get some samples at the paint store. when you hold the sample against your white wall, it looks different from the way it looks against the green curtain. a psychologist would attribute this to perceptual constancy. visual paradoxes. contrast effects. threshold differences.

Answers: 3

Answer

Business, 22.06.2019 19:10

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.

Answers: 1

Answer

Business, 22.06.2019 23:10

Which investment has the liquidity and can be converted into cash easily?

Answers: 2

Answer

Business, 22.06.2019 23:50

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:

Answers: 1

Answer

You know the right answer?

On january 1, 2018, tabitha designs purchased a patent giving it exclusive rights to manufacture a n...

Questions