-
Larkspur Industries has the following patents on its December
31, 2019, balance sheet.
Patent Item
Initial Cost
Date Acquired
Useful Life at Date Acquired
Patent A
$45,492
3/1/16
17 years
Patent B
$17,760
7/1/17
10 years
Patent C
$25,440
9/1/18
4 years
The following events occurred during the year ended December 31,
2020.
1.
Research and development costs of $253,000 were incurred during
the year.
2.
Patent D was purchased on July 1 for $43,092. This patent has a
useful...
-
Sage Hill Industries has the following patents on its December 31, 2019, balance sheet. Patent Initial Date Useful Life at Date Item Cost Acquired Acquired Patent A $43,860 3/1/16 17 years Patent B $16,800 7/1/17 10 years Patent $21,600 9/1/18 4 years The following events occurred during the year ended December 31, 2020. 1. Research and development costs of $245,000 were incurred during the year. 2. Patent was purchased on July 1 for $40,470. This patent has a useful life...
-
Marin Industries has the following patents on its December 31,
2019, balance sheet.
Patent Item
Initial Cost
Date Acquired
Useful Life at Date Acquired
Patent A
$41,208
3/1/16
17 years
Patent B
$15,240
7/1/17
10 years
Patent C
$15,360
9/1/18
4 years
The following events occurred during the year ended December 31,
2020.
1.
Research and development costs of $232,000 were incurred during
the year.
2.
Patent D was purchased on July 1 for $30,438. This patent has a
useful...
-
Windsor Industries has the following patents on its December 31,
2019, balance sheet.
Patent Item
Initial Cost
Date Acquired
Useful Life at Date Acquired
Patent A
$42,840
3/1/16
17 years
Patent B
$16,200
7/1/17
10 years
Patent C
$19,200
9/1/18
4 years
The following events occurred during the year ended December 31,
2020.
1.
Research and development costs of $240,000 were incurred during
the year.
2.
Patent D was purchased on July 1 for $47,652. This patent has a
useful...
-
Marin Industries has the following patents on its December 31,
2019, balance sheet. Patent Item Initial Cost Date Acquired Useful
Life at Date Acquired Patent A $45,696 3/1/16 17 years Patent B
$17,880 7/1/17 10 years Patent C $25,920 9/1/18 4 years
The following events occurred during the year ended December 31,
2020. 1. Research and development costs of $254,000 were incurred
during the year. 2. Patent D was purchased on July 1 for $29,184.
This patent has a useful...
-
Larkspur Industries has the following patents on its December 31, 2019, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $41,004 3/1/16 17 years Patent B $15,120 7/1/17 10 years Patent $14,880 9/1/18 4 years The following events occurred during the year ended December 31, 2020. 1. Research and development costs of $231.000 were incurred during the year. 2. Patent D was purchased on July 1 for $41,496. This patent has a useful life...
-
Marin Industries has the following patents on its December 31,
2019, balance sheet.
Patent Item
Initial Cost
Date Acquired
Useful Life at Date Acquired
Patent A
$45,696
3/1/16
17 years
Patent B
$17,880
7/1/17
10 years
Patent C
$25,920
9/1/18
4 years
The following events occurred during the year ended December 31,
2020.
1.
Research and development costs of $254,000 were incurred during
the year.
2.
Patent D was purchased on July 1 for $29,184. This patent has a
useful...
-
Tamarisk Industries has the following patents on its December
31, 2019, balance sheet. Patent Item Initial Cost Date Acquired
Useful Life at Date Acquired Patent A $44,676 3/1/16 17 years
Patent B $17,280 7/1/17 10 years Patent C $23,520 9/1/18 4 years
The following events occurred during the year ended December 31,
2020. 1. Research and development costs of $249,000 were incurred
during the year. 2. Patent D was purchased on July 1 for $46,512.
This patent has a useful...
-
Marin Industries has the following patents on its December 31,
2019, balance sheet.
Patent Item
Initial Cost
Date Acquired
Useful Life at Date Acquired
Patent A
$43,452
3/1/16
17 years
Patent B
$16,560
7/1/17
10 years
Patent C
$20,640
9/1/18
4 years
The following events occurred during the year ended December 31,
2020.
1.
Research and development costs of $243,000 were incurred during
the year.
2.
Patent D was purchased on July 1 for $34,770. This patent has a
useful...
-
0.5/1 III Teal Mountain Industries has the following patents on its December 31, 2019, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $42,636 3/1/16 17 years Patent B $16,080 7/1/17 10 years Patent $18,720 9/1/18 4 years The following events occurred during the year ended December 31, 2020 1. Research and development costs of $239,000 were incurred during the year. 2. Patent D was purchased on July 1 for $26,448. This patent has...
Sage Hill Industries has the following patents on its December 31, 2019, balance sheet. Patent Initial Date Useful Life at Date Item Cost Acquired Acquired Patent A $43,860 3/1/16 17 years Patent B $16,800 7/1/17 10 years Patent $21,600 9/1/18 4 years The following events occurred during the year ended December 31, 2020. 1. Research and development costs of $245,000 were incurred during the year. 2. Patent was purchased on July 1 for $40,470. This patent has a useful life...
Larkspur Industries has the following patents on its December 31, 2019, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $41,004 3/1/16 17 years Patent B $15,120 7/1/17 10 years Patent $14,880 9/1/18 4 years The following events occurred during the year ended December 31, 2020. 1. Research and development costs of $231.000 were incurred during the year. 2. Patent D was purchased on July 1 for $41,496. This patent has a useful life...
0.5/1 III Teal Mountain Industries has the following patents on its December 31, 2019, balance sheet. Patent Item Initial Cost Date Acquired Useful Life at Date Acquired Patent A $42,636 3/1/16 17 years Patent B $16,080 7/1/17 10 years Patent $18,720 9/1/18 4 years The following events occurred during the year ended December 31, 2020 1. Research and development costs of $239,000 were incurred during the year. 2. Patent D was purchased on July 1 for $26,448. This patent has...