Business, 11.12.2019 22:31, Babyyygggirl26
Carter company has provided information on intangible assets as follows. a patent was purchased from ford company for $2,000,000 on january 1, 2019. carter estimated the remaining useful life of the patent to be 10 years. the patent was carried in ford’s accounting records at a net book value of $2,000,000 when ford sold it to carter. during 2020, a franchise was purchased from polo company for $480,000. in addition, 5% of revenue from the franchise must be paid to polo. revenue from the franchise for 2020 was $2,500,000. carter estimates the useful life of the franchise to be 10 years and takes a full year’s amortization in the year of purchase. carter incurred research and development costs in 2020 as follows. materials and equipment$142,000personnel189,000in direct costs102,000$433,000 carter estimates that these costs will be recouped by december 31, 2020. the materials and equipment purchased have no alternative uses. on january 1, 2017, because of recent events in the field, carter estimates that the remaining life of the patent purchased on january 1, 2016, is only 5 years from january 1, 2017. prepare the intangibles section of carter�s balance sheet at december 31, 2019.
Answers: 3
Business, 22.06.2019 07:00, glizbethh00
What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?
Answers: 1
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Business, 22.06.2019 21:00, kalbaugh
An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.
Answers: 2
Carter company has provided information on intangible assets as follows. a patent was purchased from...
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