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5 Profit for the year 2022 (2 Points) The Astro Corporation develops computer software graphics programs for sale. A new development project started in 2020
5 Profit for the year 2022 (2 Points) The Astro Corporation develops computer software graphics programs for sale. A new development project started in 2020 and reached the point of technological feasibility on June 30, 2021. Costs in 2021 were as follows: Prior to June 30, 2021 $1,200,000 From June 30 to December 31, 2021 800,000 The software was available for sale on January 1, 2022. and has the following related sales information: Sales in 2022 $ 3,000,000 Estimated sales in 2023-2025 7,000,000 Total estimates sales over four years $10,000,000 w Enter your answer 6 Total amount to be recognized other comprehensive income for the year 2021. 09 (1 Point) Saint John Corporation prepares its financial statements according to IFRS. On June 30, 2021. the company pur chased a franchise for $1.200.000. The franchise is expected to have a 10-year useful life with no residual value Saint John uses the straight-line amortization method for all intangible assets. On December 31, 2021, the end of the company's fiscal year, Saint John chooses to revalue the franchise. There is an active market for this particular franchise and its fair value on December 31, 2021. is $1.180.000 Enter your
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