# accounting

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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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

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2. 👎
3. ℹ️
4. 🚩
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

1. 👍
2. 👎
3. ℹ️
4. 🚩

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