Homework Answers
Intangibles i.e. Goodwill and Copyright are correct.
Solving for patents as below:
The legal life of patents is 20 years. Already 4 years have been utilized , 16 years is the balance life.
Amortization each year = 44,000 / 16 = 2750
Amortization for 2 years i.e. 2019 and 2020 = 5500
Patents are to be reported = 44,000 - 5500 = 38500
Ans : $38500
Add Answer to:
juny nou uirée intangible assets at the end of 2020 (end of the accounting year): A...
Saved Springer Company had three intangible assets at the end of 2020 (end of the accounting...
Saved Springer Company had three intangible assets at the end of 2020 (end of the accounting year) a. A copyright purchased on January 1, 2020, for a cash cost of $15,100. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $71,000 from the purchase of the Hartford Company on July 1, 2019. C. A patent purchased on January 1, 2019, for $44,000. The inventor had registered the patent with the U.S. Patent and Trademark...
Springer Company had three intangible assets at the end of 2020 end of the accounting year...
Springer Company had three intangible assets at the end of 2020 end of the accounting year A copyright purchased on January 1, 2020, for a cash cost of $16100. The copyright is expected to have a 10-year useful life to Springer b Goodwill of $81,000 from the purchase of the Hartford Company on July 1, 2019, cA patent purchased on January 1, 2019. for $64,000. The inventor had registered the patent with the US Patent and Trademark Office on January...
E8-21 LO8-6 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets Springer Company...
E8-21 LO8-6 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets Springer Company had three intangible assets at the end of 2020 (end of the accounting year): a. A copyright purchased on January 1, 2020, for a cash cost of $14.500. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $65,000 from the purchase of the Hartford Company on July 1, 2019. c. A patent purchased on January 1, 2019, for...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year):...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year): a. Computer software and website development technology purchased on January 1, 2018, for $78,000. The technology is expected to have a four-year useful life to the company with no residual value. b. A patent purchased from lan Zimmer on January 1, 2019, for a cash cost of $30,000. Zimmer had registered the patent with the U.S. Patent and Trademark Office five years ago. Trotman...
Springer Company had three intangible assets at the end of 2017 (end of the accounting year):...
Springer Company had three intangible assets at the end of 2017 (end of the accounting year): a. A copyright purchased on January 1, 2017, for a cash cost of $16,200. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $82,000 from the purchase of the Hartford Company on July 1, 2016. c. A patent purchased on January 1, 2016, for $66,000. The inventor had registered the patent with the U.S. Patent Office on January...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year): a. Computer software and...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year): a. Computer software and website development technology purchased on January 1, 2018, for $78,000. The technology is expected to have a four-year useful life to the company with no residual value. b. A patent purchased from lan Zimmer on January 1, 2019, for a cash cost of $30,000. Zimmer had registered the patent with the U.S. Patent and Trademark Office five years ago. Trotman...
3 Bluestone Company had three intangible assets at the end of the current year: a. A patent purch...
3 Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $2,700. When purchased, the patent had an estimated life of 9 years as much as $150,000 because it has an indefinite life life to the company b. A trademark was registered with the federal government for $5,500. Management estimated that the trademark could be worth 10 points C. Computer...
Bluestone Company had three intangible assets at the end of the current year: A patent purchased...
Bluestone Company had three
intangible assets at the end of the current year: A patent
purchased this year from Miller Co. on January 1 for a cash cost of
$7,500. When purchased, the patent had an estimated life of 15
years. A trademark was registered with the federal government for
$6,500. Management estimated that the trademark could be worth as
much as $170,000 because it has an indefinite life. Computer
licensing rights were purchased this year on January 1 for...
Kreiser Company had three intangible assets at the end of 2017 (end of the accounting year):...
Kreiser Company had three intangible assets at the end of 2017 (end of the accounting year): a. A patent was purchased from J. Miller on January 1, 2017, for a cash cost of $5,640. When purchased, the patent had an estimated life of fifteen years. b. A trademark was registered with the federal government for $10,000. Management estimated that the trademark could be worth as much as $200,000 because it has an indefinite life. c. On January 1, 2017, computer...
Required 1-3 Please! Bluestone Company had three intangible assets at the end of the current year:...
Required 1-3 Please!
Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $5,600. When purchased, the patent had an estimated life of 8 years. b. A trademark was registered with the federal government for $12,500. Management estimated that the trademark could be worth as much as $290,000 because it has an indefinite life. c. Computer licensing rights were purchased...
Saved Springer Company had three intangible assets at the end of 2020 (end of the accounting year) a. A copyright purchased on January 1, 2020, for a cash cost of $15,100. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $71,000 from the purchase of the Hartford Company on July 1, 2019. C. A patent purchased on January 1, 2019, for $44,000. The inventor had registered the patent with the U.S. Patent and Trademark...
Springer Company had three intangible assets at the end of 2020 end of the accounting year A copyright purchased on January 1, 2020, for a cash cost of $16100. The copyright is expected to have a 10-year useful life to Springer b Goodwill of $81,000 from the purchase of the Hartford Company on July 1, 2019, cA patent purchased on January 1, 2019. for $64,000. The inventor had registered the patent with the US Patent and Trademark Office on January...
E8-21 LO8-6 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets Springer Company had three intangible assets at the end of 2020 (end of the accounting year): a. A copyright purchased on January 1, 2020, for a cash cost of $14.500. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $65,000 from the purchase of the Hartford Company on July 1, 2019. c. A patent purchased on January 1, 2019, for...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year): a. Computer software and website development technology purchased on January 1, 2018, for $78,000. The technology is expected to have a four-year useful life to the company with no residual value. b. A patent purchased from lan Zimmer on January 1, 2019, for a cash cost of $30,000. Zimmer had registered the patent with the U.S. Patent and Trademark Office five years ago. Trotman...
Springer Company had three intangible assets at the end of 2017 (end of the accounting year): a. A copyright purchased on January 1, 2017, for a cash cost of $16,200. The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $82,000 from the purchase of the Hartford Company on July 1, 2016. c. A patent purchased on January 1, 2016, for $66,000. The inventor had registered the patent with the U.S. Patent Office on January...
Trotman Company had three intangible assets at the end of 2019 (end of the accounting year): a. Computer software and website development technology purchased on January 1, 2018, for $78,000. The technology is expected to have a four-year useful life to the company with no residual value. b. A patent purchased from lan Zimmer on January 1, 2019, for a cash cost of $30,000. Zimmer had registered the patent with the U.S. Patent and Trademark Office five years ago. Trotman...
3 Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $2,700. When purchased, the patent had an estimated life of 9 years as much as $150,000 because it has an indefinite life life to the company b. A trademark was registered with the federal government for $5,500. Management estimated that the trademark could be worth 10 points C. Computer...
Bluestone Company had three
intangible assets at the end of the current year: A patent
purchased this year from Miller Co. on January 1 for a cash cost of
$7,500. When purchased, the patent had an estimated life of 15
years. A trademark was registered with the federal government for
$6,500. Management estimated that the trademark could be worth as
much as $170,000 because it has an indefinite life. Computer
licensing rights were purchased this year on January 1 for...
Kreiser Company had three intangible assets at the end of 2017 (end of the accounting year): a. A patent was purchased from J. Miller on January 1, 2017, for a cash cost of $5,640. When purchased, the patent had an estimated life of fifteen years. b. A trademark was registered with the federal government for $10,000. Management estimated that the trademark could be worth as much as $200,000 because it has an indefinite life. c. On January 1, 2017, computer...
Required 1-3 Please!
Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $5,600. When purchased, the patent had an estimated life of 8 years. b. A trademark was registered with the federal government for $12,500. Management estimated that the trademark could be worth as much as $290,000 because it has an indefinite life. c. Computer licensing rights were purchased...
Most questions answered within 3 hours.
-
Please answer ASAP 2) Choose a point at random from the unit
square [0, 1] ×...
asked 8 minutes ago -
Draw the Lewis structures and determine which of these
molecules has a central atom that unavoidably...
asked 9 minutes ago -
Do we typically carry antibodies against the RH antigen in our
blood plasma?
asked 11 minutes ago -
What are the differences between an antibiotic, a semisynthetic,
and a synthetic as types of antimicrobials?
asked 7 minutes ago -
One mole of oxygen gas is at a pressure of 5.90 atm and a
temperature of...
asked 15 minutes ago -
The primary side of a transformer has 935 turns and is connected
to 118 Volts A/C....
asked 13 minutes ago -
This must be done in Java and it must contain a public static
void (string []args)...
asked 17 minutes ago -
An economy has a Cobb–Douglas production function:
Y=Kα(LE)1−αY=Kα(LE)1−α
The economy has a capital share of 0.30,...
asked 31 minutes ago -
60.0 mL of a silver chlorate solution with a concentration of
0.654 M is mixed with...
asked 36 minutes ago -
Asked if he has any regrets about the way he's handled the
coronavirus crisis so far,...
asked 48 minutes ago -
True or False?
Considering a door as a rigid body. Its angular motion happens
in a...
asked 51 minutes ago -
In
IUPAC naming, do we concider the prefix in alphabatizing?
In other words do we look...
asked 57 minutes ago