can someone help me with
this?Homework Answers
Answer
--Requirem
| Balance Sheet - Partial | |
| at 31 Dec 2018 | |
| Intangible Assets | |
| Patents, net | $155,560 |
| Copyrights, net | $303,925 |
| Total Intangible Assets | $459,485 |
--Workings, based on solved requirements
| Patents | Copyrights | |
| Balance | $68,130 | $15,600 |
| Jan-02 | $63,000 | |
| Jul-01 | $40,000 | |
| Oct-01 | $295,000 | |
| Dec-31 | ($15,570) | ($6,675) |
| Balance at the end | $155,560 | $303,925 |
ent asked: Balance Sheet
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PLEASE HELP AS SOON AS
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*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.
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$67,200
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Total
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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...
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The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here. Patents...
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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...
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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....
Problem 9-05A a-c The intangible assets section of Indigo Corporation's balance sheet at December 31, 2022, is presented here. Patents ($84,700 cost less $8,600 amortization) Copyrights ($42,500 cost less $30,700 amortization) Total $76,100 11,800 $87,900 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 Paid...
*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...
Question: Prepare journal entries to record the 2017
amortization expense for intangible assets.
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Problem 9-05A a-cThe intangible assets section of Indigo Corporation's balance sheet at December 31, 2022, is presented here.Patents ($84,700 cost less $8,600 amortization)$76,100Copyrights ($42,500 cost less $30,700 amortization)11,800Total$87,900The 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 $ 45,000 legal costs to successfully defend the patent...
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