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please solve for question a The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $234,000 were incurred
please solve for question a
The following events occurred during the year ended December 31, 2025. 1. Research and development costs of $234,000 were incurred during the year. 2. Patent D was purchased on July 1 for $47,196. This patent has a useful life of 91/2 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 Skysong estimates the expected future cash flows from Patent 8 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) Click here to view factor tables, (a) Compute the total carrying amount of Skysong's patents on its December 31, 2024, balance shect. (Round answer to 0 decimol ploces ,es. 5,125.) Total carrying amount eTextbook and Media Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above Step by Step Solution
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