Windsor industries has the following patents on its December 31, 2024, balance sheet. The following...
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Windsor industries has the following patents on its December 31, 2024, balance sheet. The following events occurred during the year ended December 31.2025. 1. Research and development costs of $236,000 were incurred during the year. 2. Patent D was purchased on July 1 for $47,310. This patent has a useful life of 91/2 years 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent Bs value may have occurred at December 31, 2025. The controller for Windsor estimates the expected future cast flows from Patent B will be as follows. The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.) Click here to view factor tables. (a) Your answeris incorrect. Compute the total carrying amount of Windsor's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal places,e.g. 5, 125.) Total carrying amount
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