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Col MCCL ACCOUNTING Connect-Chapter 8 Question 6 (of 100 6. 1700 points E8-21 computing and Reporting the Acquisition and Amor etion of Thre Different Intangible

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Col MCCL ACCOUNTING Connect-Chapter 8 Question 6 (of 100 6. 1700 points E8-21 computing and Reporting the Acquisition and Amor etion of Thre Different Intangible Assets Los-6 Springer company had three intangible assets at the end of 2017 (end of the accounting year): a. Acopyright purchased on January 1, 2017, for a cash cost The copyright is expected to have a 10-year useful life to Springer. b. Goodwill of $67,000 from the purchase of the Hartford Company on July 1, 2016. c. A patent purchased on January 1.2016, for S36,000. The inventor had registered the patent with the U.S. Patent Office on January 1, 2012. Required 1. Compute the acquisition cost of each intangible asset. cqui Copyright Patent 2. Compute the amortization of each intangible at December 31, 2017. The company does not use contra-accounts. (Do not round your intermediate calcu

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