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

accounting - SraJMcGin, Friday, July 8, 2011 at 8:32pm
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

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