![E9-12 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets [LO 9-6] Bluestone Compan](http://img.homeworklib.com/questions/cc8cf4a0-1ef9-11ea-a218-7b4807e49ed0.png?x-oss-process=image/resize,w_560)
Homework Answers
| Computation of Amortization Expense | |
| Patent (4000/10) | $400.00 |
| Trademark | $0.00 |
| Licensing rights (80000/5) | $16,000.00 |
| Income Statement (Partial) | |
| For the year ending December 31 | |
|
Amortization expense (400+16000) |
$16,400.00 |
| Balance Sheet (Partial) | |
| At December 31 | |
| Intangibles: | |
| Patent (4000-400) | $3,600.00 |
| Trademark | $8,500.00 |
| Licensing rights (80000-16000) | $64,000.00 |
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E9-12 Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets [LO 9-6] Bl...
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...
a. A patent purchased this year from Miller Co. on January 1 for a cash cost...
a.
A patent purchased this year from Miller Co. on January 1 for a
cash cost of $2,200. When purchased, the patent had an estimated
life of 11 years . b. A trademark was registered with the federal
government for $5,000. Management estimated that the trademark
could be worth as much as $140,000 because it has an indefinite
life. c. Computer licensing rights were purchased this year on
January 1 for $36,000. The rights are expected to have a four-year...
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Required 1-3 Please! Bluestone Company had three intangible assets at the end of the current year:...
Required 1-3 Please!
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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...
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Please follow this format when answering this question.
Kreiser Company had three intangible assets at the end of 2014 (end of the accounting year): a. A patent was purchased from J. Miller on January 1, 2014, for a cash cost of $5,625. When purchased, the patent had an estimated life of 15 years. b. A trademark was registered with the federal government for $21,000. Management estimated that the trademark could be worth as much as $200,000 because it has an...
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...
a.
A patent purchased this year from Miller Co. on January 1 for a
cash cost of $2,200. When purchased, the patent had an estimated
life of 11 years . b. A trademark was registered with the federal
government for $5,000. Management estimated that the trademark
could be worth as much as $140,000 because it has an indefinite
life. c. Computer licensing rights were purchased this year on
January 1 for $36,000. The rights are expected to have a four-year...
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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...
14 a. A patent purchased this year from Miller Co. on January 1 for a cash cost of $9,300. When purchased, the patent had an estimated life of 15 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. Computer licensing rights were purchased this year on January 1 for $60,000. The rights are expected to have a five-year useful...
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Please follow this format when answering this question.
Kreiser Company had three intangible assets at the end of 2014 (end of the accounting year): a. A patent was purchased from J. Miller on January 1, 2014, for a cash cost of $5,625. When purchased, the patent had an estimated life of 15 years. b. A trademark was registered with the federal government for $21,000. Management estimated that the trademark could be worth as much as $200,000 because it has an...
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