Powerglide Company, organized in 2009, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2010.
1/2/10 Purchased patent (8-year life) -$380,000
4/1/10 Purchased goodwill (indefinite life)-$360,000
7/1/10 Purchased franchise with 10-year life; expiration date 7/1/20 -$450,000
8/1/10 Payment of copyright (5-year life)-$156,000
9/1/10 Development costs to increase the value of the patent($55000 incurred after economic viability achieved)-$215000
(a)Prepare the necessary entries to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.
答案:
借Patents … 435,000
借Goodwill … 360,000
借Franchise … 450,000
借Copyright … 156,000
借Research and Development Expense
(£215,000 – £55,000) … 160,000
貸Intangible Assets … 1,561,000
(b)Make the entries as of December 31, 2010, recording any necessary amortization .
借Amortization Expense … 85,500
貸Patents… 50,000
貸Franchise (£450,000/10 X 6/12) … 22,500
貸Copyright (£156,000/5 X 5/12) … 13,000
我的問題是(B) 專利權的攤銷算法我不是很懂($380000/8+$55000*4/88)
能否解釋
感謝!!!