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Springer Company had three intangible assets at the end of 2 0 2 3 ( end of the accounting year ) : a . A

Springer Company had three intangible assets at the end of 2023(end of the accounting year):
a. A copyright purchased on January 1,2023, for a cash cost of $16,300. The copyright is expected to have a
10-year useful life to Springer.
b. Goodwill of $83,000 from the purchase of the Hartford Company on July 1,2022.
c. A patent purchased on January 1,2022, for $68,000. The inventor had registered the patent with the U.S.
Patent and Trademark Office on January 1,2018. Springer intends to use the patent for its remaining life.
Required:
2b. Show how the three intangible assets should be reported on the balance sheet for 2023.(Assume there has
been no impairment of goodwill.)
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