Answered step by step
Verified Expert Solution
Question
1 Approved Answer
- 4D Printing and Processing, LLC is developing a 4D printer. Here are three economic events that need to be recorded. For each event, show:
- 4D Printing and Processing, LLC is developing a 4D printer. Here are three economic events that need to be recorded. For each event, show: a) The transaction needed to record the event b) The annual amortization expense entry (You may ignore the date and description for each entry) (If no entry is to be made, put "no entry in the first box and leave the rest blank) 3 1) 0 1 2 4D incurs expenditures in the amount of $45,680 for research, legal fees and consulting fees that results in a patent being filed for a new 4D printer. The market for the new 4D printer will last 10 years before the technology becomes obsolete. 3 a) 4 5 6 7 8 b) 0 1 2 2 2) 4D purchases a patent in the amount of $26,400 from MoTech Enterprises. The patent has a legal life of 12 years left on it. The market for the new 4D printer will last 10 years before the technology becomes obsolete. 4 5 6 a) 7 B b) b) 2) ) 40 purchases a patent in the amount of $26,400 from MoTech Enterprises, The patent has a legal life of 12 years left on it. The market for the new 4D printer will last 10 years before the technology becomes obsolete. a) b) 3 3) 4D purchases a trademark from New Era Printers for $45,000. The market for the new 4D printer will last 10 years before the technology becomes obsolete. a) b) - 4D Printing and Processing, LLC is developing a 4D printer. Here are three economic events that need to be recorded. For each event, show: a) The transaction needed to record the event b) The annual amortization expense entry (You may ignore the date and description for each entry) (If no entry is to be made, put "no entry in the first box and leave the rest blank) 3 1) 0 1 2 4D incurs expenditures in the amount of $45,680 for research, legal fees and consulting fees that results in a patent being filed for a new 4D printer. The market for the new 4D printer will last 10 years before the technology becomes obsolete. 3 a) 4 5 6 7 8 b) 0 1 2 2 2) 4D purchases a patent in the amount of $26,400 from MoTech Enterprises. The patent has a legal life of 12 years left on it. The market for the new 4D printer will last 10 years before the technology becomes obsolete. 4 5 6 a) 7 B b) b) 2) ) 40 purchases a patent in the amount of $26,400 from MoTech Enterprises, The patent has a legal life of 12 years left on it. The market for the new 4D printer will last 10 years before the technology becomes obsolete. a) b) 3 3) 4D purchases a trademark from New Era Printers for $45,000. The market for the new 4D printer will last 10 years before the technology becomes obsolete. a) b)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started