VR Gaming purchases a patent for VR technology for $810,000 on June 1, 2020. The useful life of the asset is 15 years. The company makes adjusting amortization entries at the end of each year. What will be the value of the patent on VR Gaming's balance sheet at 12/31/2023? [blank1] Galaxy Flight, Inc. purchases a new building for $3,500,000 on 7/1/2016, at which time managers expected the building to last 20 years with zero salvage value. On 1/1/2020, managers decide they expect to use the building for only 12 more full years from this point in time, with a salvage value of $550,000. What is the Net Book Value of the building on 12/31/2020? On January 1, 2020, Raven's Distillery had a balance of $80,000 in Accounts Receivable and a balance of $20,400 in the Allowance for Doubtful Accounts. During 2020, the company collected cash of $171,480 from customers on account. It also made $750,000 in sales, 60% of which were on credit. The company uses the percentage of credit sales method to account for bad debts. They expect that 5% of credit sales are uncollectible. Additionally, the company wrote off $22,000 of uncollectible accounts. What is net realizable value of Raven's receivables at the end of 2020? Round to the nearest whole number