The following transactions involving intangible assets of Minton Bhd occurred on or near 31 December 2025.

1. Minton paid Grand $376,000 for the exclusive right to market a particular product, using the Grand name and logo in promotional material. The franchise runs for as long as Minton is in business.

2. Minton spent $678,000 developing a new manufacturing process (economic viability not achieved). It has applied for a patent, and it believes that its application will be successful.

3. In January, 2026, Minton's application for a patent (#2 above) was granted. Legal and registration costs incurred were $193,200. The patent runs for 20 years. The manufacturing process will be useful for 10 years.

4. Minton incurred $180,800 in successfully defending one of its patents in an infringement suit. The patent expires during December 2029.

5. Minton incurred $480,000 in an unsuccessful patent defense. As a result of the adverse verdict, the patent, with a remaining unamortized cost of $274,680, is deemed worthless.

6. Minton paid Sneed Laboratories $99,840 research and development work performed by Sneed under contract for Minton. The benefits are expected to last six years.

A. Prepare journal entries on December 31, 2026, to record any resulting amortization. If no entry is required, enter "0"

No. Account Titles and Explanation. Debit. Credit

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