This question is taken form advanced accounting bline, fischer and skekel 2004, chap #3. Richardson acquired 100 percent of Smith Corporation at Jan 1,2005. At that date the patent controlled by each company had the following book value, appraised value and estimated remaining economic life. Richardson Smith Book Market Life Book Market Life 56,000 84,000 7 years 25,000 35,000 5 years What is the balance in the patent account on the consolidated balance sheet at December 31 2005.,Is the text here on this site. For some reason I cant find the text with class notes. Can you please help? Text is ADVANCED ACCOUNTING BLINE FISCHET AND SKEKEL 2004. I am having a hard time with chapters 2,3 and 4. I have been out of the class room for about 5 years now, so the help is needed.
Paper#5838 | Written in 18-Jul-2015Price : $25