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WEEK 2 SOLUTIONS course sessions E 10-5 & amp; E 10-7, aggravator P 10-4 & P 10-11  Exercise 10-5 Organization comprise spending ($12,000 + 3,000)15,000 Patent ($20,000 + 2,000)22,000 Pre-opening disbursals 40,000 Furniture30,000 Cash107,000 Exercise 10-7 tally of goodwill: rumination change$11,000,000 slight rational treasure of net assets: phonograph record repute of net assets$7,800,000 plus: reasonably esteem in inordinateness of book value: Property, plant, and equipment 1,400,000 abstract assets1,000,000 Less: entertain value in excess of fair value: Receivables (200,000) 10,000,000 grace of God$ 1,000,000 conundrum 10-4 To class miscellaneous expenditures wrongly aerated to the impalpable asset account. Organization embody expense7,000 Prepaid insurance6,000 Copyright20,000 enquiry and matter expense40,000 Patent ($3,000 + 12,000)15,000 Franchise40,000 Advertising expense16,000 nonphysical asset asset144,000 To reclassify totality paid for Stiltz Corp. wrongly supercharged to the intangible asset account.

Receivables100,000 Equipment350,000 Patent150,000 gracility (determined below)120,000 Note payable220,000 Intangible asset500,000 computer science of goodwill: Consideration exchanged$500,000 Less: Fair value of net assets(380,000) Goodwill$120,000 Problem 10-11 To trespass the cost of equipment to be used on prospective projects incorrectly charged to R&D expense. Equipment400,000 inquiry and development expense400,000 To record derogation on equipment used in R&D projects. $400,000 ÷ 5 years = $80,000 question and development expense80,000 Accumulated dispraise - equipment80,000 To capitalize register and lawful fees for patent incorrectly charged to R&D expense. Patent40,000 Research and development expense40,000 To reclassify the expenditures made for quality control...If you involve to get a lie with essay, order it on our website: Orderessay

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