Ac505

recital 12-1 (1520 minutes) (a)10, 13, 15, 16, 17, 19, 23 (b)1.Long-term investments in the balance sheet. 2.Property, plant, and equipment in the balance sheet. 3. search and learning disbursement in the income statement. 4. circulating(prenominal) summation (prepaid rent) in the balance sheet. 5.Property, plant, and equipment in the balance sheet. 6. query and development disbursal in the income statement. 7.Charge as cost in the income statement. 8.Operating losings in the income statement. 9.Charge as put down in the income statement. 11.Not recorded; either be related to creating goodwill incurred internally must be expensed. 12. research and development expense in the income statement. 14.Research and development expense in the income statement. 18.Research and development expense in the income statement. 20.Research and development expense in the income statement. 21.Long-term investments, or other(a) assets, in the balance sheet. 22.Expen sed in the income statement. EXERCISE 12-4 (1520 minutes) 1.Palmiero should overlay the patent at $900,000 (net of $600,000 accumulated amortisation) on the balance sheet. The computation of accumulated amortization is as follows.

amortisation for 2010 and 2011 ($1,500,000/10) X 2$300,000 2012 amortization: ($1,500,000 $300,000) ÷ (6 2) 300,000 Accumulated amortization, 12/31/12$600,000 2.Palmiero should liquidate the immunity over its estimated useful life. Because it is indistinct that Palmiero will be able to retain the franchise at the end of 2020, it should be amortized over 10 years. T he amount of amortization on the franchise f! or the year ended December 31, 2012, is $35,000: ($350,000/10). 3.These cost should be expensed as incurred. Therefore $275,000 of organization expense were account in income for 2010 with no(prenominal) expensed in 2012. 4.Because the license can be intimately regenerate (at nominal cost), it has an indefinite life. Thus, no...If you want to get a right essay, order it on our website: BestEssayCheap.com

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