The following information relates to the intangible assets of university testing services (uts): on january 1, 2021, uts completed the purchase of heinrich corporation for $3,255,000 in cash. the fair value of the net identifiable assets of heinrich was $2,950,000. included in the assets purchased from heinrich was a patent valued at $103,500. the original legal life of the patent was 20 years; there are 12 years remaining, but uts believes the patent will be useful for only nine more years. uts acquired a franchise on july 1, 2021, by paying an initial franchise fee of $288,000. the contractual life of the franchise is 8 years.

What’s the best type of healthcare plan

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

What is the equity method balance in the investment in lindman account at the end of 2018?