BE 10.16 – Maxtor Technology
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given a list of costs incurred during the year… find the total research and development expense.
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Given a list of costs incurred during the year… find the total research and development expense.
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Given the cost of a project, the amount they spent on feasibility, and revenues… find the software development cost.
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Given the cost of the software development and the amount spent before the development stage… find the cost that would be capitalized.
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Given the years on an agreement, the payment amount, and additional incurred costs they ask you to determine the amount of capitalized costs.
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Given research and development items… calculate the research and development expense.
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Given marketing appraisal cost, consulting fees, advertising cost, employee training cost… calculate total start-up expense.
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Given the purchase price of equipment, the estimated service life, the residual value, machine working hours, the hours operated per year… calculate the depreciation expense using straight-line, double-declining, and units-of-production hours.
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Calculate depreciation expenses for 2021 and 2022.
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Given the price of the equipment, the price at which it sold, and the depreciation… find the gain on the sale of equipment.
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Given the price of the item, the amount it sold for as well as the accumulated depreciation… prepare the journal entry.
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