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The following are selected 2022 transactions of Pagnusci Corporation. Jan. 1 Purchased a small campany and racordad goodwill of $200,000. Its useful life is indefinite.

The following are selected 2022 transactions of Pagnusci Corporation. Jan. 1 Purchased a small campany and racordad goodwill of $200,000. Its useful life is indefinite. April 1 Purchased for $120,000 a patent with an estimated useful lifs of 5 years and a legal lif a of 20 years. (a) Your answer is partially correct

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