Homework 9

Homework 9 - Jackie Gragnola BUS 214, Bissonnette MW 2-4...

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Jackie Gragnola BUS 214, Bissonnette MW 2-4 March 3, 2009 4. d. $156,000 17. An example of goodwill would be exceptional management, desirable location, good customer relations, skilled employees, high-quality products, and fair pricing policies. All of these can be attained through the hard work of the staff and in the situation of desirable location, through luck. 20. Because it is difficult to determine when research and development costs become beneficial, companies typically record the costs as an expense when incurred. Also, because there is no EX 9-1 a) To determine the acquisition cost of plant assets, the cost principle comes into effect because it requires that companies record plant assets at cost. The cost consists of all expenditures necessary to acquire an asset and make it ready for its intended use so you must find the cost of each individual aspect that made the asset ready for use. b) 1. Land Account
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Homework 9 - Jackie Gragnola BUS 214, Bissonnette MW 2-4...

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