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I can't find what is wrong in 3 and 4 Income Statement and Balance Sheet two last box Bluestone Company had three intangible assets at
I can't find what is wrong in 3 and 4 Income Statement and Balance Sheet
two last box
Bluestone Company had three intangible assets at the end of the cureent year a. A patent purchased this year fom Miller Co on January 1 for a cash cost of $6,000 When parchased, b. A trademark was registered with the federal govemment for $4,000 Management estimated that the c. Computer licensing rights were purchased this year on January 1 for $42.000 The rights are expected to Required the patent had an estimated lde of 12 years trademark could be worth as much as $120,000 because it has an indefinte ife have a six-year usefui ife to the company 1. Compute the acquisition cost of each intangble asset Answer is complete and correct. 6,000 4,000 Patent Trademark 42.0000 2. Campute the amortization of each intangible for the current year ended December 31 (Do not intermediate calculations.) Answer is complete and correct. Amortization 500 Patent Trademark Licensing Rights 7.000 0Step by Step Solution
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