Asked by stacey
Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite.
May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years
May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years
Answers
Answered by
SraJMcGin
And the question is? If you tried to "cut and paste" it won't work here so you'll need to type the rest out.
Sra
Sra
Answered by
Roman
jan 1 purchased a small company and recorded goodwill of $170,000.its useful life is indefinite.
may 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life
may 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life
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