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Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Intangible assets, net Dec. 31, 2018 $ 53,000,000 Dec. 31, 2017 $
Here is selected financial statement data regarding a company's intangible assets. Balance Sheet: Intangible assets, net Dec. 31, 2018 $ 53,000,000 Dec. 31, 2017 $ 56,000,000 2018 Income Statement: Amortization expense Gain on sale of intangible assets $ 4,800,000 129,000 During the year, the company purchased $2,000,000 of intangible assets. In the statement of cash flows, the investing activities section should show a cash receipt for "sale of intangible assets" for $
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