Alpha Corporation acquired a patent for $60,000 which has an expected service life of five years and zero salvage value. The annual amortization is
a. $5,000.
b. $6,000.
c. $12,000.
d. $24,000.
e. $30,000.
C
You might also like to view...
An example of an external user of accounting information is the federal government
Indicate whether the statement is true or false
The case, State of Qatar v. First American Bank of Virginia, held that:
a. the phrase "for deposit only" is not an effective restrictive indorsement. b. depositary banks are not required to handle checks consistent with the restrictive indorsement. c. the phrase "for deposit only" effectively limits the depositary bank to handle the instrument in a manner consistent with the transaction. d. a stolen check which is indorsed in blank cannot be freely negotiated by the bearer.
Hefty stock has a beta of 1.2. If the risk-free rate is 7% and the market risk premium is 6.5%, what is the required rate of return on Hefty?
A) 14.8% B) 14.4% C) 12.4% D) 13.5%
Currently, vendors specializing in CRM and SRM systems tend to provide lower levels of functionality in their chosen areas than do ERP vendors
a. True b. False Indicate whether the statement is true or false