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Ivanhoe Company, organized in 2022, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) $305,500. Apr.
Ivanhoe Company, organized in 2022, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) $305,500. Apr. 1 Goodwill purchased (indefinite life) $338,400. July 1 Acquired a 9-year franchise; expiration date July 1, 2031, $676,800. Sept. 1 Research and development costs $173,900.
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
