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bluestone company had three intangible assets at the end of the current year : a. A patent Purchase this year from Miller company on January

bluestone company had three intangible assets at the end of the current year :
a. A patent Purchase this year from Miller company on January 1 free cash cars of 4200 when purchase the patent had an estimate life of 14 years image text in transcribed
image text in transcribed what else am i missing please help me complete it
Bluestone Company had three intangible assets at the end of the current year a. A patent purchased this year from Mitter Company on January 1for a cash cost of 54 200 When purchased the entrada estimated Ide of 14 years D. A trademark was registered with the federal government for $3.000. Management estimated that the trademark could be worth much as $100,000 because it has an indefinite life. c Computer licensing rights were purchased this year on January 1 for $20,000. The nights are expected to have a tour yeaturette to the company Required: 1. Compute the acquisition cost of each intangible asset 2. Compute the amortization of each intangible for the current year ended December 31 3. Show how these assets and any related expenses should be reported on the balance sheet and income statement for the current year 3 Answer is not complete Ned Chapter 9 Homework Exercises Help Save & Exk Sutin Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to questo 8 Show how these assets and any related expenses should be reported on the balance sheet for the cutrefyer. (Hegative amounts should be indicated by a mission) 1 points ISLUE STONE COMPANY Balance she parti At December 31 Intangibles Patents Trademark Licensing Rights Amortization Expense 5 5 OOOO 4.200 3.000 20.000

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