On September 19, 2016, Avi Co, purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Avi should record depreciation expense for 2017 on this machinery of $52, 500. $58, 125. $61, 354. $58, 267. When a company develops a trademark the costs directly related to securing it should generally be capitalized. Which of the following costs associated with a trademark would not be capitalized? Consulting fees. Design costs. Attorney fees. Research and development costs. Jake Co, incurred research and development costs in 2017 as follows: The amount of research and development costs charged to Jake's 2017 income statement should be $700,000. $2, 425,000. $1, 700,000. $2,000,000. Levita Company and Zeedy Company were combined in a purchase transaction. lessthanorequalto was able to acquire Zee at a bargain price. The sum of the fair values of identifiable assets acquired less the fair value of liabilities assumed exceeded the cost of acqui Zee. Levita will report the excess amount as goodwill a deferred credit and amortize it. paid-in capital. a gain