Business
Business, 15.11.2019 21:31, jhahn001

Springer company had three intangible assets at the end of 2020 (end of the accounting year): a. a copyright purchased on january 1, 2020, for a cash cost of $14,500. the copyright is expected to have a 10-year useful life to springer. b. goodwill of $65,000 from the purchase of the hartford company on july 1, 2019. c. a patent purchased on january 1, 2019, for $48,000. the inventor had registered the patent with the u. s. patent and trademark office on january 1, 2015. springer intends to use the patent for its remaining life. required: 1. compute the amortization expense of each intangible for the year ended december 31, 2020. the company does not use contra-accounts. 2a. show how the expenses related to the three intangible assets should be reported on the income statement for 2020. 2b. show how the three intangible assets should be reported on the balance sheet for 2020. (assume there has been no impairment of goodwill.)

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 08:00, vandonquisenberry
Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate
Answers: 2
image
Business, 22.06.2019 13:00, shayneseaton
Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e. g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.
Answers: 1
image
Business, 22.06.2019 16:50, bandzlvr
Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?
Answers: 2
image
Business, 22.06.2019 20:00, bwelsh880
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
Do you know the correct answer?
Springer company had three intangible assets at the end of 2020 (end of the accounting year): a. a...

Questions in other subjects:

Konu
Mathematics, 07.01.2021 01:20
Konu
Mathematics, 07.01.2021 01:20
Konu
Mathematics, 07.01.2021 01:20
Konu
Mathematics, 07.01.2021 01:20