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Gladow Corporation began operations in 2020 and has these transactions related to intangible in the year Jan. 2 Purchased a patent (5-year e) Apr. 1

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Gladow Corporation began operations in 2020 and has these transactions related to intangible in the year Jan. 2 Purchased a patent (5-year e) Apr. 1 Goodwill purchased as part of an acquisition of another company Dul. 1 Acquired a 9-year franchise; expiration date July 1, 2025 Dec. 31 Determined that the recoverable amount of the patent and franchise to be $158.000 and $473,000 respectively. There was no indication that the goodwill was impaired 2770,000 $324,000 $486.000 (a) Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash. (Credit account titles are automatically indeed when the mountateredDet indent manually. If no entry is required, select "No Entry for the account totes and enter for the amount) Date Account Titles and Explanation (Part of the entry to record purchase of another company

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