USING THE FOLLOWING DATA, CALCULATE THE DOLLAR AMOUNT ($) OF TOTAL INTANGIBLE ASSETS DEPRECIATION EXPENSE-BLDG 5. SALARIES AND WAGES PAYABLE 800 LAND 200 ACCUMULATED DEPRECIATION -BUILDING 35 UNEARNED SALES REVENUE 360 SHORT TERM INVESTMENTS 93 PATENTS 69 NOTES PAYABLE 180 PREPAID LEGAL EXPENSE 18 BUILDING 990 MORTGAGE PAYABLE 510 LONG TERM NOTES RECEIVABLE 30 MEDICAL SUPPLIES 25 GOODWILL 18 BONDS PAYABLE 103 280 LAND HELD FOR FUTURE USE --- UNEARNED INTEREST FEES 720 ------ COST OF SALES 14 INTEREST INCOME LAND HELD FOR FUTURE USE 45 INVENTORY 387 COPYRIGHTS 170 ---- PENSION OBLIGATIONS 122 PREPAID ADVERTISING 20 15 LONG TERM NOTES PAYABLE 50 RENTAL FEES 180 ------- 10 TRADEMARK ACCRUED LIABILITIES

USING THE FOLLOWING DATA, CALCULATE THE DOLLAR AMOUNT ($) OF TOTAL INTANGIBLE ASSETS DEPRECIATION EXPENSE-BLDG 5. SALARIES AND WAGES PAYABLE 800 LAND 200 ACCUMULATED DEPRECIATION -BUILDING 35 UNEARNED SALES REVENUE 360 SHORT TERM INVESTMENTS 93 PATENTS 69 NOTES PAYABLE 180 PREPAID LEGAL EXPENSE 18 BUILDING 990 MORTGAGE PAYABLE 510 LONG TERM NOTES RECEIVABLE 30 MEDICAL SUPPLIES 25 GOODWILL 18 BONDS PAYABLE 103 280 LAND HELD FOR FUTURE USE --- UNEARNED INTEREST FEES 720 ------ COST OF SALES 14 INTEREST INCOME LAND HELD FOR FUTURE USE 45 INVENTORY 387 COPYRIGHTS 170 ---- PENSION OBLIGATIONS 122 PREPAID ADVERTISING 20 15 LONG TERM NOTES PAYABLE 50 RENTAL FEES 180 ------- 10 TRADEMARK ACCRUED LIABILITIES

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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