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wanna double check my answers Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be
wanna double check my answers
Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be expensed or capitalized (Meaning they are included in the cost of the plant assets on the balance sheet.) (2) For costs that should be capitalized, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet. Robotix Company purchases a patent for $21,000 on January 1 . The patent is good for 18 years, after which anyone can use the patent technology. However, Robotix plans to sell products using that patent technology for only 5 years. Prepare the intangible asset section of the year end balance sheet after amortization expense for the year is recordedStep by Step Solution
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