1) On 9/1/19, Strand Corp received a copyright. Cost = $200,000. Copyright had a 7 year legal life
and an estimated useful life of 5 years. Record transaction.
2) Calculate and record Amortization expense for the year 2019 AND 2020
3) Explain the difference between Tangible Assets and Intangible Assets
4) Provide at least 3 examples of Tangible Assets and Intangible Assets
5) Complete E12-12 (page #642) from textbook (see Goodwill notes from Part 4 below)