Ask Experts Questions for FREE Help !
Ask
    rasta45's Avatar
    rasta45 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 22, 2011, 08:52 AM
    Venture Company acquired patent rights on January 3, 2005, for $661,500. The patent h
    Venture Company acquired patent rights on January 3, 2005, for $661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000.

    a. Determine the patent amortization expense for the current year ended December 31, 2008
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
    Uber Member
    		  
    #2

    Mar 22, 2011, 08:57 AM

    Read this first: Expectations for the Homework Help board

    --------------------------------------------------------------------------------

    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Balter Inc. Acquired Jersey Company on January 1, 20X5. [ 1 Answers ]

Balter Inc. acquired Jersey Company on January 1, 20X5. When the purchase occurred Jersey Company had the following information related to fixed assets: Land $ 80,000 Building 200,000 Accumulated Depreciation (100,000) Equipment 100,000 Accumulated Depreciation (50,000) The building...

Can I use a Land Patent to defeat a mortgage company lien if I had it prior? [ 1 Answers ]

A house I financed is about to go into forcloseure due to another mortgage company who gave buyers a no money down high risk 80/20 loan just to collect thousands in commissions. I have a recorded land patent on a house I built and filed it at the recorders office in 1998, then I sold the...

View more questions Search