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Sinabalbalan Company Working Papers - Patent December 31, 2015 Amortization Correct Amortization Expense Particulars Basis Amount Cost 2011
Sinabalbalan Company Working Papers - Patent December 31, 2015 Amortization Correct Amortization Expense Particulars Basis Amount Cost 2011
Amortization Correc
Particulars Basis Amount Cost 2011
Purchased cost with 11 years remaining life 11 yrs 1,000 11,000 750
Purchased cost with 12 years remaining life 12 yrs 2,000 24,000
Purchased cost with 13 years reaming life 13 yrs 3,000 39,000
Cost of successful litigations in patent defense 11 1 /2 yrs 300 3,450
Purchase cost with 10 years remaining life 10 yrs 3,600 36,000
Development cost, legal and filing fees, etc
remaining life 17 years 17,000
Purchased cost with 9 years remaing life 9 yrs 1,000 9,000
Purchased cost with 10 years remaining life 10 yrs 2,500 25,000
Purchsed cost with 13 years remaining legal life
estimated commercial life 7 years 7yrs 3,900 27,300
Cost of unsuccessful litigation in patent defense 3,000
Unsuccessful Research 2014 7,300
Purchased cost with 14 years remaining life 14yrs 1,000 14,000
Unsuccessful Research 2015 8,400
TOTAL 224,450 750
Correct amortization expense Unamortized Write Adjusted
2012 2013 2014 2015 Total Balance off Balance
1,000 1,000 1,000 1,000 4,750 6,250 6,250
2,000 2,000 2,000 2,000 8,000 16,000 16,000
3,000 3,000 3,000 3,000 12,000 27,000 27,000
150 300 300 300 1,050 2,400 2,400
17,000 17,000
1,000 500 1,500 7,500 7,500
1,875 2,500 2,500 6,875 18,125 18,125