U Youranswer is incorrect. Compute the total carrying amount of Tamarisk' patents on its December 31, 2020, balance sheet. Total carrying amount $ T e Textbook and Media Attempts: 2 of 5 used Submit Answer Save for Later Year Expected Future Cash Flows 2021 $1,850 2022 1,850 2023 1,850 The proper discount rate to be used for these flows is 0%. Assume that the cash fows occur at the end of the year.) Click here to view factor tables (a) ho Your answer correct Corpste the total corrvine emount of Tamenisk stants ember 31, 2014 balance sheet: Total carrying emounts Tamarisk Industries has the following patents on its December 2017. balance sheet Patent Item Initial Cost Date Acquired Useful life at Date Acquired Patent A $14,676 3/1/16 livears Patent B $17.280 7/1/17 10 years Patent $23,520 9/1/18 4 years The following events occurred during the ves ended Decanter 31, 2020, Research and devolontent costs were incurredurig the year. 2 3 Patent was durchased on July i fer 546.512. This parent has a useftf file rif 9+2 year's: As a result or reduced demands forts proeiicts protected a patent 3. o possible impairment of patente's value mey have occurred at December 31, 2020 immedlerto Tamaris estimates the expected fotare cash flows from Patent B will be as follows: Year Expected Fature Cash Flows FLEBO 2021 U Youranswer is incorrect. Compute the total carrying amount of Tamarisk' patents on its December 31, 2020, balance sheet. Total carrying amount $ T e Textbook and Media Attempts: 2 of 5 used Submit Answer Save for Later Year Expected Future Cash Flows 2021 $1,850 2022 1,850 2023 1,850 The proper discount rate to be used for these flows is 0%. Assume that the cash fows occur at the end of the year.) Click here to view factor tables (a) ho Your answer correct Corpste the total corrvine emount of Tamenisk stants ember 31, 2014 balance sheet: Total carrying emounts Tamarisk Industries has the following patents on its December 2017. balance sheet Patent Item Initial Cost Date Acquired Useful life at Date Acquired Patent A $14,676 3/1/16 livears Patent B $17.280 7/1/17 10 years Patent $23,520 9/1/18 4 years The following events occurred during the ves ended Decanter 31, 2020, Research and devolontent costs were incurredurig the year. 2 3 Patent was durchased on July i fer 546.512. This parent has a useftf file rif 9+2 year's: As a result or reduced demands forts proeiicts protected a patent 3. o possible impairment of patente's value mey have occurred at December 31, 2020 immedlerto Tamaris estimates the expected fotare cash flows from Patent B will be as follows: Year Expected Fature Cash Flows FLEBO 2021