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Saved Springer Company had three intangible assets at the end of 2020 (end of the accounting...
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...
juny nou uirée intangible assets at the end of 2020 (end of the accounting year): A...
juny nou uirée intangible assets at the end of 2020 (end of the accounting year): 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 Springer. Goodwill of $71,000 from the purchase of the Hartford Company on July 1, 2019. A patent purchased on January 1, 2019, for $44,000. The inventor had registered the patent with the U.S. Patent and Tradem Office on January 1, 2015. Springer...
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...
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...
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...
Stiller Company had the following information for its three intangible assets. Patent: A patent was purchased...
Stiller Company had the following information for its three intangible assets. Patent: A patent was purchased for $200,000 on June 30, 2018. Stiller estimated the useful life of the patent to be 15 years. On December 31, 2020, the estimated future cash flows attributed to the patent were $170,000. The fair value of the patent was $150,000. Trademark: A trademark was purchased for $10,000 on August 31, 2019. The trademark is considered to have an indefinite life. The fair value...
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...
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...
Bluestone Company had three intangible assets at the end of the current year: a. A patent...
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 $6,000. When purchased, the patent had an estimated life of 10 years. b. A trademark was registered with the federal government for $45,000. Management estimated that the trademark could be worth as much as $130,000 because it has an indefinite life. c. Computer licensing rights were purchased this year on...
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...
juny nou uirée intangible assets at the end of 2020 (end of the accounting year): 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 Springer. Goodwill of $71,000 from the purchase of the Hartford Company on July 1, 2019. A patent purchased on January 1, 2019, for $44,000. The inventor had registered the patent with the U.S. Patent and Tradem Office on January 1, 2015. Springer...
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...
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...
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...
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...
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...
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