Marshall Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2020. 1/2/20 Purchased patent (8-year life) $350,000 4/1/20 Purchase goodwill (indefinite life) 360,000 7/1/20 Purchased franchise with 10-year life; expiration date 7/1/30 450,000 8/1/20 Payment of copyright (5-year life) 156,000 9/1/20 Research and development costs 215,000 $1,531,000
-Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.
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Ответ:
Explanation:
You could mulitply both of them by the same number. For example,the ratio is 1:2. (Ratios can be written like: 1:2, 1 to 2, and 1/2) Now, the multiply part. Lets multiply by, lets say, 5. You multiply 5 to the denominator and numerator so it would look like this: 5/5 × 1/2. That equals to 5/10. Since 5/5 is euqal to 1, 5/10 is basically equivalent to 1/2.