Jan. $2$ Purchased a patent $(5-$year life$)$ $$268,800.$

July $1$ Acquired a $9-$year franchise; expiration date July $1,2034,$ $$518,400.$

Sept. $1$ Research and development costs $$177,600.$

Your answer is partially correct.

eTextbook and Media

List of Accounts

Your answer is partially correct.

Account Titles and Explanation

Debit

Credit

Amortization Expense

Franchise

eTextbook and Media

List of Accounts

Your answer is incorrect.

Indicate what the intangible asset account balances should be on December $31,2025.$

Goodwill $

Patents $