Which of the following is a reason for a company’s intangible assets figures to grow to...
Which of the following is a reason for a company’s intangible assets figures to grow to incredible size?
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Purchase of intangible assets with legal life exceeding 15 years or Copyrights and patents acquired from outside owners.
Homework Answers
Answer is Option b.
Copyrights and patent acquired from outside owners are the main reason for the intangible assets to grow to incredible size.
Thank you.
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Which of the following is a reason for a company’s intangible
assets figures to grow to...
Which of the following is a reason for a company’s intangible assets figures to grow to...
Which of the following is a reason for a company’s intangible assets figures to grow to incredible size? Increase in the fair value of the intangibles assets held by a company. Purchase of intangible assets with legal life exceeding 15 years. Copyrights and patents acquired from outside owners. Internally developed copyrights and patents.
1. In 2013, Book Creations Company published a management book and got it copyrighted in the...
1. In 2013, Book Creations Company published a management book and got it copyrighted in the same year. The legal life of the book is 15 years and estimated useful life is 10 years. For how many years should the cost of copyright be amortized? Question 1 options: a. 70 years b. 15 years c. 10 years d. 12.5 years e. 0 year 2.Kremlin Company pays $2,900,000 for all of the outstanding common stock of Reticular Corporation. Reticular has assets...
*Problem 9-05A a-c The intangible assets section of Riverbed Corporation’s balance sheet at December 31, 2022,...
*Problem 9-05A a-c
The intangible assets section
of Riverbed Corporation’s balance sheet at December 31, 2022, is
presented here.
Patents ($75,200 cost less $8,000 amortization)
$67,200
Copyrights ($39,500 cost less $24,500 amortization)
15,000
Total
$82,200
The patent was acquired in January 2022 and has a useful life of 10
years. The copyright was acquired in January 2016 and also has a
useful life of 10 years. The following cash transactions may have
affected intangible assets during 2023.
Jan.
2
Paid...
The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022 is presented here....
The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022 is presented here. Patents (579,900 cost less $7.990 amortization) Copyrights ($53,000 cost less $41,500 amortization) Total $73.400 11.500 $84.900 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan. 2 Pald $36,000 legal costs...
The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here....
The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here. Patents ($71,800 cost less $7,180 amortization) $63,400 Copyrights ($50,500 cost less $39,400 amortization) 11,100 $74,500 Total The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan Paid $45,000 legal costs to...
The intangible assets section of Ayayai Corporation’s balance sheet at December 31, 2022, is presented here....
The intangible assets section of Ayayai Corporation’s balance
sheet at December 31, 2022, is presented here.
Patents ($70,000 cost less $6,000 amortization)
$64,000
Copyrights ($36,000 cost less $26,000 amortization)
10,000
Total
$74,000
The patent was acquired in January 2022 and has a useful life of 10
years. The copyright was acquired in January 2016 and also has a
useful life of 10 years. The following cash transactions may have
affected intangible assets during 2023.
Jan.
2
Paid $27,000 legal costs...
The intangible assets section of Blue Corporation’s balance sheet at December 31, 2022, is presented here....
The intangible assets section of Blue Corporation’s balance sheet at December 31, 2022, is presented here. Patents ($73,200 cost less $7,400 amortization) $65,800 Copyrights ($37,000 cost less $24,500 amortization) 12,500 Total $78,300 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan. 2 Paid $36,000 legal costs...
Question 3 0.6 The intangible assets section of Martinez Corporation's balance sheet at December ...
Question 3 0.6 The intangible assets section of Martinez Corporation's balance sheet at December 31, 2017, is presented here. Patents ($78,100 cost less $7,810 amortization) $70.290 Copyrights ($42.000 cost less $29 400 amortization) 12600 $82,890 Total has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018. Jan. 2 Paid $36,000 egal costs to successtully defend the...
PLEASE HELP AS SOON AS POSSIBLE The intangible assets section of Sheffield Corporation's balance sheet at...
PLEASE HELP AS SOON AS
POSSIBLE
The intangible assets section of Sheffield Corporation's balance sheet at December 31, 2017, is presented here. Patents ($88,900 cost less $8,890 amortization) $80,010 Copyrights ($36,500 cost less $25,550 amortization) 10,950 Total $90,960 The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018....
can someone help me with this? Problem 9-5A (Part Level Submission) The intangible assets section of...
can someone help me with
this?
Problem 9-5A (Part Level Submission) The intangible assets section of Grouper Corporation's balance sheet at December 31, 2017, is presented here. Patents ($75,700 cost less $7,570 amortization) Copyrights ($52,000 cost less $36,400 amortization)15,600 Total $68,130 $83,730 The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected...
*Problem 9-05A a-c
The intangible assets section
of Riverbed Corporation’s balance sheet at December 31, 2022, is
presented here.
Patents ($75,200 cost less $8,000 amortization)
$67,200
Copyrights ($39,500 cost less $24,500 amortization)
15,000
Total
$82,200
The patent was acquired in January 2022 and has a useful life of 10
years. The copyright was acquired in January 2016 and also has a
useful life of 10 years. The following cash transactions may have
affected intangible assets during 2023.
Jan.
2
Paid...
The intangible assets section of Bramble Corporation's balance sheet at December 31, 2022 is presented here. Patents (579,900 cost less $7.990 amortization) Copyrights ($53,000 cost less $41,500 amortization) Total $73.400 11.500 $84.900 The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan. 2 Pald $36,000 legal costs...
The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here. Patents ($71,800 cost less $7,180 amortization) $63,400 Copyrights ($50,500 cost less $39,400 amortization) 11,100 $74,500 Total The patent was acquired in January 2022 and has a useful life of 10 years. The copyright was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2023. Jan Paid $45,000 legal costs to...
The intangible assets section of Ayayai Corporation’s balance
sheet at December 31, 2022, is presented here.
Patents ($70,000 cost less $6,000 amortization)
$64,000
Copyrights ($36,000 cost less $26,000 amortization)
10,000
Total
$74,000
The patent was acquired in January 2022 and has a useful life of 10
years. The copyright was acquired in January 2016 and also has a
useful life of 10 years. The following cash transactions may have
affected intangible assets during 2023.
Jan.
2
Paid $27,000 legal costs...
Question 3 0.6 The intangible assets section of Martinez Corporation's balance sheet at December 31, 2017, is presented here. Patents ($78,100 cost less $7,810 amortization) $70.290 Copyrights ($42.000 cost less $29 400 amortization) 12600 $82,890 Total has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018. Jan. 2 Paid $36,000 egal costs to successtully defend the...
PLEASE HELP AS SOON AS
POSSIBLE
The intangible assets section of Sheffield Corporation's balance sheet at December 31, 2017, is presented here. Patents ($88,900 cost less $8,890 amortization) $80,010 Copyrights ($36,500 cost less $25,550 amortization) 10,950 Total $90,960 The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018....
can someone help me with
this?
Problem 9-5A (Part Level Submission) The intangible assets section of Grouper Corporation's balance sheet at December 31, 2017, is presented here. Patents ($75,700 cost less $7,570 amortization) Copyrights ($52,000 cost less $36,400 amortization)15,600 Total $68,130 $83,730 The patent was acquired in January 2017 and has a useful life of 10 years. The copyright was acquired in January 2011 and also has a useful life of 10 years. The following cash transactions may have affected...
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