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may someone help me do it. thank you Exercise 8-19 Amortization of intangible assets LO P4 Milano Gallery purchases the copyright on an oil painting
may someone help me do it. thank you
Exercise 8-19 Amortization of intangible assets LO P4 Milano Gallery purchases the copyright on an oil painting for $390,000 on January 1, 2015. The copyright legally protects its owner for 12 more years. The company plans to market and sell prints of the original for 19 years.
Prepare entries to record the purchase of the copyright on January 1, 2015, and its annual amortization on December 31, 2015.
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