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chased a copyright for $141,000. The copyright has a useful life of 6 years and a remaining Purchased a copyright for $141,000. The copyright has
chased a copyright for $141,000. The copyright has a useful life of 6 years and a remaining Purchased a copyright for $141,000. The copyright has a usefultife of 6 years and legallife of 30 years. Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $84,000. Purchased a small company and recorded goodwill of $171,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do ot indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the mounts.)
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