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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 end of the accounting year:
a A copyright purchased on January for a cash cost of $ The copyright is expected to have a
year useful life to Springer.
b Goodwill of $ from the purchase of the Hartford Company on July
c A patent purchased on January for $ The inventor had registered the patent with the US
Patent and Trademark Office on January Springer intends to use the patent for its remaining life.
Required:
b Show how the three intangible assets should be reported on the balance sheet for Assume there has
been no impairment of goodwill.
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