Business, 30.03.2020 16:00 jakeisadog698

These are selected 2017 transactions for Pina Corporation:

Jan. 1 Purchased a copyright for $135,250. The copyright has a useful life of 5 years and a remaining legal life of 34 years.
Mar. 1 Purchased a patent with an estimated useful life of 5 years and a legal life of 20 years for $118,800.
Sept. 1 Purchased a small company and recorded goodwill of $152,800. Its useful life is indefinite.

Prepare all adjusting entries at December 31 to record amortization required by the events.

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These are selected 2017 transactions for Pina Corporation:

Jan. 1 Purchased a copyright...

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