Aspen, Inc. developed a new horse transport device and incurred research and development costs of $250,000. Rather than continue with its own research, Aspen decided to purchase a patent for a similar design from Vail, Inc. for $350,000. What are the total assets and expenses for these developments? a. Assets $600,000; Expenses $0.
b. Assets $250,000; Expenses $350,000.
c. Assets $350,000; Expenses $250,000.
d. Assets $0; Expenses $600,000.

c. Assets $350,000; Expenses $250,000.

Explanation:

In a business enterprise there are five items to consider when estimating the financial position of a business: assets, liabilities, revenue, expense, and stockholder equity.

Assets are entities that are owned by a business and can be used to generate revenue.

In the given instance Aspen decided to purchase a patent for a similar design from Vail, Inc. for $350,000. This is procurement of an asset.

An expense is the amount a business spends on purchasing an item or obtaining a service. For example rent is an expense a business pays to use a property.

In the given instance Aspen, Inc. developed a new horse transport device and incurred research and development costs of $250,000.

This is an expense incurred in the course of developing a new horse transport device

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

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