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Problem 9-19A Intangible assets LO7 On October 1, 2020, Kingsway Broadcasting purchased for $600,000 the copyright to publish the music composed by a local Celtic

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Problem 9-19A Intangible assets LO7 On October 1, 2020, Kingsway Broadcasting purchased for $600,000 the copyright to publish the music composed by a local Celtic group, Kingsway expects the music to be sold over the next three years. The company uses the straight-line method to amortize intangibles Required: Prepare entries to record a. The purchase of the copyright View transaction list Journal entry worksheet b. The amortization for the year ended December 31, 2020, calculated to the nearest whole month View transaction list Journal entry worksheet

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