Given the following account balances at year end, how much is amortization expense on Analog Enterprises' income statement for the current year if the company amortizes intangibles over ten years? Sales revenue, $45,000,000; Patents, $2,500,000; Accounts receivable, $4,000,000; Land, $15,000,000; Equipment, $25,000,000; Trademarks, $1,000,000; and Goodwill, $4,500,000. The company also paid $2,000,000 for research & development at the start of the current year. Assume that all of the company's intangible assets were acquired at the start of the current year.

Question

19-12-2019
Business

contestada

Given the following account balances at year end, how much is amortization expense on Analog Enterprises' income statement for the current year if the company amortizes intangibles over ten years? Sales revenue, $45,000,000; Patents, $2,500,000; Accounts receivable, $4,000,000; Land, $15,000,000; Equipment, $25,000,000; Trademarks, $1,000,000; and Goodwill, $4,500,000. The company also paid $2,000,000 for research & development at the start of the current year. Assume that all of the company's intangible assets were acquired at the start of the current year.

Respuesta :

ACCESS MORE

Otras preguntas

The final physical or emotional confrontation that concludes the rising action is called the _____. falling action exposition exodus climax

Suppose two adjacent endpoint of a rotated square are located at (-4, -6) and (5, -1) on the coordinates axes. What is the length of the side of the square?

Molly has cups of sugar. She used cup of sugar. She wants to model a subtraction problem on a number line to find how much sugar she has left. Molly’s first ste

Which of the following did not occur in preparation for war? a. women went to work b. people bought war bonds d. people sent gifts to the troops in Europe

Which of these is a cost of fossil fuels? A) They are inconvenient to use B) They damage the environment when oil spills C) They help lessen the effects of gl

It is recommended that older adults get their vitamin b12 from fortified foods and supplements because

Which steps can be taken to translate the phrase “the difference in the number of servings and four”? Check all that apply. Replace “the difference” with subtr

Match the climate zone in column 1 to the characteristic in column 2. A. Tropical B. Dry C. Moderate D. Continental -Near the equator -Mildest weather -Sev

Which of the following is an example of aggressive driving? A: honking to protest another drivers actions B: driving at late hours even when you’re tired C: si

There are different kinds of cells in your body that were each created to do a specific job. a. True b. False

jepessoa jepessoa · Answer 1 · 2019-12-22T23:37:56+01:00

Answer:

$250,000

Explanation:

Analog's intangibles are patents, trademarks and goodwill, but only patents can be amortized.

Patents total cost are $2,500,000, amortized in 10 years = $2,500,000 / 10 = $250,000 per year.

Goodwill cannot be amortized because its life is indefinite. Trademarks can be renewed every 20 years, so their lives can be indefinite also. Assets with indefinite lives cannot be amortized.

Research and development costs are considered expenses.