Question
Write a Memo to clarify where and how each of these items should be accounted for in the financial statements. Items Advertising Computer Equipment used
Write a Memo to clarify where and how each of these items should be accounted for in the financial statements.
Items
Advertising
Computer Equipment used by Accounting & Finance department
Copyright
Customer list that was acquired from a competitor that went out of business
Design charges for new product prototype
Development charges from last year for Product J which began selling in the current year
Equipment used for development of new products
Focus groups ran this year to try out products that are set to launch next year
Goodwill from a recent acquisition
Patent that was purchased two months ago
Rent paid for six months in advance
Research of environmentally friendly "green" materials
Start-up costs to incorporate
Trademark
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