Business, 15.07.2019 20:30 nscarlisleh13
Blue co. has a patent on a communication process. the company has amortized the patent on a straight-line basis since 2014, when it was acquired at a cost of $44 million at the beginning of that year. due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost. the decision was made at the end of 2018 (before adjusting and closing entries). what is the appropriate patent amortization expense in 2018? (do not round your intermediate calculation.)
Answers: 2
Business, 21.06.2019 20:20
On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:
Answers: 3
Business, 22.06.2019 07:00
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
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Business, 22.06.2019 10:00
Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.
Answers: 2
Blue co. has a patent on a communication process. the company has amortized the patent on a straight...
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