subject
Business, 02.04.2021 18:20 staz13wiggins

Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These companies amortize the cost of these assets using the straight-line method over the following average estimated useful lives (in years), as reported in their 2015 annual reports. Type of Intangible Asset Danube Toggle ConnectOn
Developed Technology 5.0 8.0 2.5
Trade Names 2.3 4.6 1.2
Customer Relationships 2.1 6.2 3.1

Assume each company spent $840,000 at the beginning of the current year for additional Developed Technology. Because of its proprietary nature, the technology is estimated to have no residual value at the end of its estimated life.

Required:
Calculate the impact (direction and amount) that the amortization of such expenditures would have on each companyâs Income from Operations in the current year.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
question
Business, 22.06.2019 17:20
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
question
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
question
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
You know the right answer?
Danube, Toggle, and ConnectOn rely on various intangible assets to operate their businesses. These c...
Questions
question
Biology, 26.11.2020 20:10
Questions on the website: 13722367