Ignoring the response for part (b), compute the 2021 amortization and the 12/31/21 book value, assuming that at the beginningof 2021, based on new market research, Bramble determines that the fair value of the trade name is $16,320. Estimated totalfuture cash flows from the trade name is $17,520 on January 3, 2021.2021 amortization12/31/21 book value$$ In early January 2019, Bramble Corporation applied for a trade name, incurring legal costs of $15,600. In January 2020, Brambleincurred $9,000 of legal fees in a successful defense of its trade name.(a)Your answer is correct.Compute 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes thetrade name over 10 years.2019 amortization12/31/19 book value2020 amortization12/31/20 book value $156014040W256020480

The accounting procedure of distributing an intangible asset's cost over the course of its useful…

Ignoring the response for part (b), compute the 2021 amortization and the 12/31/21 book value, assuming that at the beginning of 2021, based on new market research, Bramble determines that the fair value of the trade name is $16,320. Estimated total future cash flows from the trade name is $17,520 on January 3, 2021. 2021 amortization 12/31/21 book value $

Ignoring the response for part (b), compute the 2021 amortization and the 12/31/21 book value, assuming that at the beginning of 2021, based on new market research, Bramble determines that the fair value of the trade name is $16,320. Estimated total future cash flows from the trade name is $17,520 on January 3, 2021. 2021 amortization 12/31/21 book value $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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View Policies Current Attempt in Progress Swifty Corporation factors $ 6500000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Swifty estimates the fair value of the recourse liability at $ 224000. What would be recorded as a gain (loss) on the transfer of receivables? O Gain of $ 325000. O Gain of $ 1199000. O Loss of $ 549000. O Loss of $ 224000. Save for Later Attempts: 0 of 1 used Submit Answer
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Question 30 Choose the correct answer from the choices.
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The following is a four-year forecast for Torino Marine. Year 2022 2023 2024 2025 Free cash flow ($ millions) −60 81 98 120 Estimate the fair market value of Torino Marine at the end of 2021. Assume that after 2025, earnings before interest and tax will remain constant at $200 million, depreciation will equal capital expenditures in each year, and working capital will not change. Torino Marine’s weighted-average cost of capital is 13 percent and its tax rate is 20 percent. Note: Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place. Estimate the fair market value per share of Torino Marine’s equity at the end of 2021 if the company has 45 million shares outstanding and the market value of its interest-bearing liabilities on the valuation date equals $350 million. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. I have the second question right…