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Business, 15.07.2020 03:01 jadaos

These are selected 2017 transactions for Wyle Corporation: Jan. 1 Purchased a copyright for $120,000. The copyright has a
 useful life of 6 years and a remaining legal life of 30 years
Mar. 1 Purchased a patent with an estimated useful life of 4years
 and a legal life of 20 years for $54,000.
Sept. 1 Purchased a small company and recorded goodwill of
 $150,000. Its useful life is indefinite.
Instructions: Prepare all adjusting entries at Dec. 31 to record amortizations required by the events.

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These are selected 2017 transactions for Wyle Corporation: Jan. 1 Purchased a copyright for $120,00...
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