Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite.

Question

May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years

Answer 1

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

Answer 2

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