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

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
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
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