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Assume that hein acquired Dolan Development last year. Hein recorded the following intangible assets on the date of acquisition: Goodwill: $ 1 , 5 0

Assume that hein acquired Dolan Development last year. Hein recorded the following intangible assets on the date of acquisition:

Goodwill: $1,500,000

Dolan Development trademark: $600,000

Renewable licenses, $56,000


Prepare the year-end adjusting entries required for each of Hein's intangible assets assume that the straight-line method is used and full year's amortization is taken in the year of acquisition.



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