Grading Summary| These ar the automatically com seted results of your exam. rates for essay questions, and comments from your teacher, are in the Details region below. | Date Taken: | 1/11/2012| Time worn out(p):| 14 secs | Points Received:| 20 / 20 (100%) | | Question font:| # Of Questions:| # Correct:| Multiple picking| 5| 5| | | Grade Details| 1.| Question :| (TCO C) The lead amount of patent cost amortized to date is usually| | | school-age tike Answer:| | shown in a separate Accumulated translucent Amortization account which is shown contra to the sheer account. | | | | shown in the current income statement. | | | | reflected as credits in the patent account. | | | | reflected as a contra property, plant, and equipment item. | | instructor account statement:| Usually shown as credits within the unimpeachable patent account. Chapter 12.| | | | Points Received:| 4 of 4 | | Comments:| | | | 2.| Question :| (TCO C) Which of the enjoyment is often reported as an grand item?| | | school-age child Answer:| | Amortization put down. | | | | Impairment losses for intangible summation assets. | | | | look into and festering costs. | | | | none of the above.
| | Instructor Explanation:| none of the items transfigure as extraordinary items, which are rare. Amortization, impairment losses, and look into and development are median(prenominal) transactions in an in operation(p) business. Chapter 12| | | | Points Received:| 4 of 4 | | Comments:| | | | 3.| Question :| (TCO C) Jeff potbelly purchased a limited-life intangible asset for $120,000 on May 1, 2008. It has a recyclable life of 10 years. What total amount of amortization expense should have been put down on the intangible asset by December 31, 2010?| | | educatee Answer:| | $ -0- | | | | $24,000 | | | | $32,000 | | | | $36,000 | | Instructor Explanation:| ($120,000 ÷ 10) × 2 2/3 =...If you want to get a broad(a) essay, order it on our website:
Ordercustompaper.comIf you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment