1. The following transactions occurred in the initial stage of Company A X7: (1) Purchase a patent...
Question:
1. The following transactions occurred in the initial stage of Company A X7:
(1)
Purchase a patent right registered at the initial stage of X1 at a price of $ 84,000, the total service life is 20 years.
(2)
In exchange for the copyright of a best-selling novel for 2,500 shares of nominal value of $ 10, the fair value of the copyright at that time could not be realized,
The common stock price per share is $ 40. The copyright is amortized according to the activity volume method, and the novel was sold for 100,000 in X7
This book is expected to sell another 300,000 copies in the coming year.
(3)
Buying a concession for operating shipping at a price of $ 12,000 can be used for four years.
(4)
Paid (the litigation fee for the successful Chinese patent lawsuit is $ 4,000, so that the expenditure cannot be proven to increase the patent right can be clear
Identify future economic benefits.
(5)
Pay $ 40,000 for two-year carriage advertising.
Try to make an entry for the above transaction and
The necessary adjustment entries at the end of X7.