Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 7.00

Epstein Corporation

The following information concerns the intangible assets of Epstein Corporation:

a. On June 30, 2013, Epstein completed the acquisition of the Johnstone Corporation for $2,120,000 in cash. The fair value of the net identifiable assets of Johnstone was $1,800,000.

b. Included in the assets purchased from Johnstone was a patent that was valued at $72,800. The remaining legal life of the patent was 12 years, but Epstein believes that the patent will only be useful for another seven years.

c. Epstein acquired a franchise on October 1, 2013, by paying an initial franchise fee of $187,200. The contractual life of the franchise is 9 years.

 

 

1. Prepare year-end adjusting journal entries to recordamortizationexpense on the intangibles at December 31, 2013

 

 

 

2. Prepare the intangible asset section of the December 31, 2013, balance sheet

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 02:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)