Thursday
October 30, 2014

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

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - LRF Corporation purchased a patent for $450,000 on September 1, ...
accounting - How do i calculate this problem. An asset was purchased for $150,...
Accounting - Janes Company provided the following information on intangible ...
accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
accounting - On January 1, 2006, Powell Company purchased a building and ...
Straight-line Depreciation - Please how do i calculate this problem. An asset ...
Accounting - Rich Corporation purchased a limited-life intangible asset for $180...
Accounting - Jeff Corporation purchased a limited-life intangible asset for $...
accounting - A patent costing $500,000 was purchased on July 1. The company ...
Accounting-HELP ME! - A company purchased machinery for $660,000 on May 1,2008. ...

Search
Members