United van lines purchased a truck with a list price of $250,000 subject to a 6% discount if paid within 30 days. united van lines paid within the discount period. it paid $4,000 to obtain title to the truck with the state and an $800 license fee for the first year of operation. it paid $1,500 to paint the firm’s name on the truck and $2,500 for property and liability insurance for the first year of operation. what acquisition cost of this truck should united van lines record in its accounting records? indicate the appropriate accounting treatment of any amount not included in acquisition cost.
Answers: 3
Business, 21.06.2019 22:40
The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000
Answers: 3
Business, 22.06.2019 12:50
Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?
Answers: 1
Business, 22.06.2019 20:10
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
United van lines purchased a truck with a list price of $250,000 subject to a 6% discount if paid wi...
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