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1/2/20 Purchased patent (6 year life) $540,000 4/1/20 Goodwill purchased(indefinite life) 360,000 7/1/20 14 year franchise 532,000 9/1/20 Research and development and costs 158000 calculate

1/2/20 Purchased patent (6 year life) $540,000
4/1/20 Goodwill purchased(indefinite life) 360,000
7/1/20 14 year franchise 532,000
9/1/20 Research and development and costs 158000
calculate ending balance as at 12/31/20

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