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Jan. 2 Purchased a patent ( 5 - year life ) $ 2 6 8 , 8 0 0 . July 1 Acquired a 9
Jan. Purchased a patent year life $ July Acquired a year franchise; expiration date July $ Sept. Research and development costs $ 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 Goodwill $ Patents $
Jan. Purchased a patent year life $
July Acquired a year franchise; expiration date July $
Sept. Research and development costs $
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
Goodwill $
Patents $
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