Refer to question 24 above. 24a. Prepare the journal entry (…

Refer to question 24 above. 24a. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2019, assuming Pharoah will continue to use the asset in the future. (If no entry is required, write “No Entry” for the account titles and enter 0 for the amounts.) Account Title Debit Credit [v1] [v3] [v2] [v4]

Match the letters below with the correct choice on the right…

Match the letters below with the correct choice on the right. Selections on the right may be used once, more than once, or not at all. Mercali scale is a(n) ___A___ point scale developed by Giuseppe Mercali in 1902. Mercali scale is a(n) ___B___ scale which measures damages done to buildings, individual descriptions of the event, secondary effects such as landslides, and the extent of ground rupture.  Richter scale was developed by Charles Richter in 1935 and it is a ___C___ scale from 1 to ___D___ which uses seismic records to estimate the relative sizes of earthquakes. It is based on the amplitude of the largest seismic wave recorded on a seismograph. The Richter Scale is an ___E___ scale; wherever an earthquake is recorded, it will measure the same on the Richter Scale.

Refer to question 24 above. 24d. Prepare the journal entry t…

Refer to question 24 above. 24d. Prepare the journal entry to record the impairment of the asset at December 31, 2019, assuming Pharoah ceased using the patent at the end of 2019 and intends to dispose of the patent in the coming year. Pharoah expects to incur a $11,600 cost of disposal. (If no entry is required, write “No Entry” for the account titles and enter 0 for the amounts.) Account Title Debit  Credit  [v1] [v3]  [v2] [v4]

Refer to question 24 above.  24b. Using the same assumption…

Refer to question 24 above.  24b. Using the same assumption as part (a) above, prepare the journal entry to record amortization expense for 2020 assuming the asset has a remaining useful life of 3 years at the beginning of 2020. (If no entry is required, write “No Entry” for the account titles and enter 0 for the amounts.) Account Title Debit  Credit  [v1] [v3]  [v2] [v4]