Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 20 Problem 20-4
2008 Research and development expense 510,000
Cash 510,000
2011 Patent 720,000 Cash 720,000
Amortization of patent (720,000 / 16) 45,000
Patent 45,000
2012 Patent 540,000
Cash 540,000
Amortization of patent 81,000
Patent 81,000
On related patent 45,000
On competing patent (540,000 / 15) 36,000
81,000
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