B) is the same question as A) but for year December 31, 2025
Bramble Industries has the following patents on its December 31,2024 , balance sheet. The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $242.000 were incurred during the year. 2. Patent D was purchased on July 1 for $43,548. This patent has a usetul life of 91/2 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent Bis value may have occurred at December 31,2025 . The controller for Bramble estimates the expected future cash flows from Patent B will be as follows. The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.) Slick here to view factor tables. The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the yeari) Click here toviewfactor tables. (a) Compute the total carrying amount of Bramble's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal places, eg. 5,125.) Total carrying amount Attempts: 2 of 3 used (b) The parts of this question must be completed in order, This part will be available when you complete the part above. Bramble Industries has the following patents on its December 31,2024 , balance sheet. The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $242.000 were incurred during the year. 2. Patent D was purchased on July 1 for $43,548. This patent has a usetul life of 91/2 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent Bis value may have occurred at December 31,2025 . The controller for Bramble estimates the expected future cash flows from Patent B will be as follows. The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.) Slick here to view factor tables. The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the yeari) Click here toviewfactor tables. (a) Compute the total carrying amount of Bramble's patents on its December 31, 2024, balance sheet. (Round answer to 0 decimal places, eg. 5,125.) Total carrying amount Attempts: 2 of 3 used (b) The parts of this question must be completed in order, This part will be available when you complete the part above