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August 1, 2015

Homework Help: accounting

Posted by stacey on Friday, July 8, 2011 at 3:13pm.

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

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