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Monday, November 15, 2010

Valix Finacc vol 1 Problem 20-10

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 20 Problem 20-10



2008     Copyright                                                                                285,000
                        Cash                                                                                                    285,000

            Amortization of copyright                                                       150,000
                        Copyright                                                                                            150,000
                                                                                                                                               
            285,000 / 95,000   =   3 per copy         
            50,000 x 3             =   150,000                                                                                                                                                                                                   
2009     Amortization of copyright                                                         90,000
                        Copyright (30,000 x 3)                                                                           90,000

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