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: 408 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 > Management Posted 30 Dec 2017 My Price 5.00

Legal costs

Prepare the following journal entries and calculations:

a) A patent that was acquired for $100,000 at the beginning of the current year expires in 15 years and is expected to have value for 4 years. Present the adjusting entry to amortize the patent for the current year.

b) Mineral rights on an ore deposit estimated at 4,000,000 tons of ore were acquired for $4,000,000. Present the adjusting entry to record depletion for the current year, during which 350,000 tons of ore were removed.

c) Legal costs incurred to defend the rights that patent provided were $42,000. The patent only has a legal life of 5 years. Determine the amount to be amortized for the current fiscal year.

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Dec 2017 11:12 PM My Price 5.00

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