16) Which of the following legal fees should be capitalized?
17) Which of the following costs of goodwill should be amortized over their estimated useful lives?
18) MaBelle Corporation incurred the following costs in 2015:
Acquisition of R & D equipment with a useful life of 4 years in R & D projects $ 800,000
Start-up costs incurred when opening a new plant 140,000 Advertising expense to introduce a new product 700,000
Engineering costs incurred to advance a product to full production stage 500,000
What amount should MaBelle record as research & development expense in 2015?
19) Jenks Corporation acquired Linebrink Products on January 1, 2015 for $ 8,000,000, and recorded goodwill of $ 1,500,000 as a result of that purchase. At December 31, 2015, Linebrink Products had a fair value of $ 6,800,000. The net identifiable assets of the Linebrink( excluding goodwill) had a fair value of $ 5,800,000 at that time. What amount of loss on impairment of goodwill should Jenks record in 2015?
20) The general ledger of Vance Corporation as of December 31, 2015, includes the following accounts:
Copyrights $ 30,000