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: 402 Weeks 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 12 Jul 2017 My Price 3.00

Rattlesnake Corporation

In early January 20X6, Rattlesnake Corporation applied for a patent, incurring legal costs of $30,000. In January 20X7, Rattlesnake incurred $9,000 of legal fees in a successful defense of its patent. on January 20X6, the patent was expected to have a useful life of ten years. Required: (1)Compute the following items for Rattlesnake Corporation. Show supporting computations. Round all calculations to the nearest whole dollar. (a)Patent amortization expense for 20X6. (b)Carrying value of the patent at December 31, 20X6. (c)Patent amortization expense for 20X7. (d)Carrying Value of the patent at December 3,20X7. (2) Compute the 20X8 patent amortization expense and the December 31, 20X8 carrying value of the patent, assuming that at the beginning of 20X8, based on new market research, Rattlesnake determines that the fair value of the patent is $27,500. Estimated future cash flows from the patent are $30,000 on January 3, 20X8. Round all calculations to the nearest whole dollar

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Jul 2017 10:07 PM My Price 3.00

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