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REQUIRED: prepare the Balance Sheet Equation for the following: 1) On 9/1/13, Strand Corp received a copyright. Cost $200,000. Copyright had a 7 year

REQUIRED: prepare the Balance Sheet Equation for the following: 1) On 9/1/13, Strand Corp received a copyright. Cost $200,000. Copyright had a 7 year legal life and an estimated useful life of 5 years. Record transaction. 2) Calculate and record Amortization expense for the year 2013 AND 2014

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