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please help. im stuck Pharoah Industries has the following patents on its December 31,2024 , balance sheet. The following events occurred during the year ended

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Pharoah 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 $254,000 were incurred during the year. 2. Patent D was purchased on July 1 for $29,184. This patent has a usefultife of 921 years. 3. As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B's value may have occurred at December 31, 2025. The controller for Pharoah estimates the expected future cash flows from Patent B will beas 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.) TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) Compute the total carrying amount of Pharoah's patents on its December 31,2024 , balance sheet. (Round answer to 0 decimal places,eg. 5, 125.) Total carrying amount $

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