Question: What is the answer for the red box? I can not figure it out, I have tried $9600 and $12800. Please help me! Your answer

What is the answer for the red box? I can not figure it out, I have tried $9600 and $12800. Please help me!

Your answer is partially correct. Try again. Splish Brothers Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a cost of $12,800. This textbook is estimated to have a useful life of 4 years from September 1, 2017, the date it was published. The second copyright (a history rescarch textbook) was purchased from University Press on December 1, 2017, for $46,000. This textbook has an indefinite useful life. How should these two copyrights be reported on Splish Brothers's balance sheet as of December 31, 2017? Copyright No. 1 12800Should not be reported on Balance Sheet Copyright No. 2 46000 Should be reported on Balance Sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I need help with everything just in red ES ACC 113 Project 10 During the month of September 2015, Emily Company had the following information regarding the buying and selling of its inventory. ng ty...

Please, do the same format to make it easier for me to understand your answers. I don't want to drive myself crazy by trying to figure out what you did while it should be easy ACC 113 Project 1C...

I need help with the red *Accounting Cycle Review 7-01 a1-f2 Crane Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to...

The Green boarders are correct. I need help with the ones in red. I have a test on Saturday March 21st on questions similar to this, so if this could please be answered before then so I understand...

I need help with the red boxes, have tried it many times with no correct answers. Thank you! Waterways Continuing Problem 19 Vice President for Sales and Marketing Sam Totter is trying to plan for...

Still having a hard time with the red sections. If someone can help me figure out what I did wrong, if I can get the right interest expense to be recorded, the rest would be easy for me to figure...

i need help with this problem i have tried several times to copy and paste and it does not include the part i have already answered so i am sorry i will repost the question below i can not figure out...

Problem 4-01 The following information is related to Sunland Company for 2020. Retained earnings balance, January 1, 2020 $1,117,200 Sales Revenue 28,500,000 Cost of goods sold 18,240,000 Interest...

PLEASE I NEED HELP WITH THE CLOSING ENTIRES -- THE LAST TWO PICTURES-- Problem 4-05A a-g (Part Level Submission) (Video) Oriole Clark opened Orioles Cleaning Service on July 1, 2020. During July, the...

please give answer for the parts highlighted in red. I have had to repost this question almost 5 times on the q&a here and still keep getting incorrect answers on here. For the "experts" who keep...

4. Use the two-phase simplex algorithm to solve the following problem or determine if it is infeasable. 1 + 2, s.t. x1 + x2 1 - X1, x2 > 0

Q1. State the Menderess periodic law. Q2. Write down the defects of Menderess periodic table.

The development of the capitalization or discount rate requires which of the following? a . Identification of cash flow b . Retention as a business valuation analyst c . A determination of risk d ....

the united stateds small buiness admininstration was organized as part of

Describe the business model used by Australian universities. Should Australian universities reconsider their business model?

Describe the situation of casual workers within Australian universities, with reference to various HRM theories.

Understand links between the United Nations Sustainable Development Goals and HRM.