Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the project is completed in 2012, and a successful

The project is completed in 2012, and a successful patent is obtained. The R&D costs...

50.1K

Verified Solution

Question

Accounting

The project is completed in 2012, and a successful patent is obtained. The R&D costs to complete the project are 131270. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2012 total 24600. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (full year) in 2012

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Explain how the abortion pill and emergency contraceptive pills work.

Biology
1.2K views

Question: How does poliovirus replicate in the epithelial cell of intestine? Describe in detail, not only...

Psychology
1.2K views

write an essay(free writing) about \"my relationship with alcohol in college\" about 500 to 600 words.

Advance Math
1.2K views

Let D be a lamina (a thin plate) occupying the region in the xy-plane that is...

Basic Math
1.2K views

John and Susan just opened savings accounts at two different banks Each deposited 1 900...

Statistics
1.2K views

One home was randomly selected from three different neighborhoods in a large metropolitan area The...

Calculus
1.2K views

Find the distance along the surface of the earth between City A and City B...

Algebra
1.2K views

ompute the determinant of the matrix A below by using row operations to transform A...

Accounting
1.2K views

Under the direct method, noncash charges, such as depreciation, are________in the statement of cash flows...

Accounting
1.2K views

choose the correct answer and make sure the answer is correct 100% Find the annual...

Accounting
1.2K views

what am i doing wrong? my income the homework program says answer is not complete,...

Accounting
1.2K views

Complete a horizontal analysis for Brown Company. (Negative answers should be indicated by a minus...