Presented below is information related to copyrights owned by Crane Company at December 31, 2017.
Cost $8,540,000
Carrying amount 4,360,000
Expected future net cash flows 4,040,000
Fair value 3,400,000
Assume that Crane Company will continue to use this copyright in the future. As of December 31, 2017, the copyright is estimated to have a remaining useful life of 10 years.
Prepare the journal entry to record the impairment of the asset at December 31, 2017. The company does not use accumulated amortization accounts.
Prepare the journal entry to record amortization expense for 2018 related to the copyrights
The fair value of the copyright at December 31, 2018, is $3,490,000. Prepare the journal entry necessary to record the increase in fair value.
Answers: 1
Business, 22.06.2019 02:30
Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls
Answers: 3
Business, 22.06.2019 12:10
Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations
Answers: 2
Presented below is information related to copyrights owned by Crane Company at December 31, 2017.
C...
Mathematics, 19.10.2021 14:00
History, 19.10.2021 14:00
Mathematics, 19.10.2021 14:00
Geography, 19.10.2021 14:00
Social Studies, 19.10.2021 14:00
Biology, 19.10.2021 14:00
English, 19.10.2021 14:00