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Gill Company, organized in 2017, has the following transactions related to intangible assets. 1/2/17 Purchased patent (6-year life) $504,000 4/1/17 Goodwill purchased (indefinite life) 360,000
Gill Company, organized in 2017, has the following transactions related to intangible assets.
| 1/2/17 | Purchased patent (6-year life) | $504,000 | ||
| 4/1/17 | Goodwill purchased (indefinite life) | 360,000 | ||
| 7/1/17 | 10-year franchise; expiration date 7/1/2027 | 320,000 | ||
| 9/1/17 | Research and development costs | 171,000 |
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Cloud Audit Toolkit For Financial Regulators
Authors: Asian Development Bank
1st Edition
9292692089, 978-9292692087
