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Cife is indifinite. May 1 purchesed fir E su,000 a palent with an essimated ketull lite of 5 yeara and a legal life of 20

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Cife is indifinite. May 1 purchesed fir E su,000 a palent with an essimated ketull lite of 5 yeara and a legal life of 20 yours prepace necesacy adjusling entorice at dec 31 to secord anoctiontion requirod by the events above. dec31 No entery is mode to amerlize gaodwill becanse it hat indefinad lite. ic 31 Amertization eqense 200 patents (84,00058/12)=11,200

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