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Question 8 ) These are selected 2 0 2 3 transactions for Daphne Corporation: Apr. 1 Purchased copyright for $ 1 8 0 , 0

Question 8) These are selected 2023 transactions for Daphne Corporation:
Apr. 1 Purchased copyright for $180,000. The copyright has a useful life of 10 years and a remaining legal life of 30 years.
Sept. 1 Purchased a patent with an estimated useful life of 8 years and a legal life of 20 years for $66,000.
Dec. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite.
Instructions: Prepare all adjusting entries at December 31 to record amortization required by the events.
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