On January 12017 Haley company had a balance of 360000 Ge Helo 9 12 On January 1, 2017, Haley Company had a balance of $360,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year The goodwill had an indefinite life During 2017, the company had the following additional transactions Jan 2 Purchased a patent (5 year life) $280,00o July i Acoured a 9 year franchise expiration date July 1, 202,026, 540,000 Sept 1 Research and development costs $185,000 related to intangbles All costs were for cash (Record entries in the account titles are automatically indented when the anmount is entered Do not indent manually, If no entry is required, select No Entry for the account titles and enter for the

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On January 12017 Haley company had a balance of 360000 Ge Helo 9 12 On January 1, 2017, Haley Company had a balance of $360,000 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year  The goodwill had an indefinite life  During 2017, the company had the following additional transactions  Jan  2 Purchased a patent (5 year life) $280,00o  July i Acoured a 9 year franchise  expiration date July 1, 202,026, 540,000  Sept  1 Research and development costs $185,000    related to intangbles  All costs were for cash  (Record entries in the account titles are automatically indented when the anmount is entered  Do not indent manually, If no entry is required, select  No Entry for the account titles and enter for the

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On January 12017 Haley company had a balance of 360000 Ge Helo 9-12 On January 1, 2017, Haley Company had a balance of $360,000 of

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