Trotman company had three intangible assets at the end of 2016 (end of the accounting year): a. computer software and web development technology purchased on january 1, 2015, for $76,000. the technology is expected to have a four-year useful life to the company. b. a patent purchased from ian zimmer on january 1, 2016, for a cash cost of $33,000. zimmer had registered the patent with the u. s. patent office five years ago. c. a trademark purchased for $20,000 on november 1, 2016. management decided the trademark has an indefinite life. required: compute the acquisition cost of each intangible asset.

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.