On January 1, 2020, Desert Company purchased a patent from Savannah Technologies for $800,000. An independent consultant hired by Desert Company determined that the remaining useful life of the patent at the date of purchase is 10 years. Its unamortized cost on Savannah’s accounting records was $550,000 and the patent had been amortized for 5 years by Savannah. How much should be amortized for the year ended December 31, 2020, by Desert Company?

a. $160,000
b. $110,000
c. $55,000
d. $80,000

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.