SHOE CO June 2016Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › SHOE CO June 2016This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 17, 2021 at 9:06 pm #631878 Varun.J.ThakkarParticipantTopics: 75Replies: 112☆☆Dear Sir, While calculating the total expected profit for shoe co, they have given renewal costs as 400000 (Year 1 and Year 2) As the company has purchased the patent in Year 1,how will it incur renewal cost ie 200000 in year 1 Pls help August 18, 2021 at 8:57 am #631914 John MoffatKeymasterTopics: 57Replies: 54421☆☆☆☆☆$500,000 was the cost of applying for the patent.Every year they have to pay $200,000 in order to keep the patent.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In