Homework Answers
| Debit | Credit | ||
| Jan 2 | Patents | 45000 | |
| Cash | 45000 | ||
| Jan-June | Research and Development Expense | 239500 | |
| Cash | 239500 | ||
| July 1 | Patents | 40000 | |
| Cash | 40000 | ||
| Sept 1 | Advertising Expense | 43000 | |
| Cash | 43000 | ||
| Oct 1 | Copyright | 257000 | |
| Cash | 257000 |
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The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here. Patents...
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...
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...
Problem 9-05A a-c The intangible assets section of Indigo Corporation's balance sheet at December 31, 2022, is presente...
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...
Problem 9-05A a-c The intangible assets section of Indigo Corporation's balance sheet at December 31, 2022,...
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,...
*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 3 View Policies Current Attempt in Progress The intangible assets section of Grouper Corporation's balance...
Question 3 View Policies Current Attempt in Progress The intangible assets section of Grouper Corporation's balance sheet at December 31, 2022, is presented here. Patents ($89.500 cost less $8.950 amortization) Copyrights ($55,000 cost less $45,000 amortization) Total $80,800 10,000 $90,800 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...
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....
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...
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...
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...
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...
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 3 View Policies Current Attempt in Progress The intangible assets section of Grouper Corporation's balance sheet at December 31, 2022, is presented here. Patents ($89.500 cost less $8.950 amortization) Copyrights ($55,000 cost less $45,000 amortization) Total $80,800 10,000 $90,800 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...
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....
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...
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