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These are selected 2017 transactions for Culver Corporation: Jan. 1 Purchased a copyright for $147,000. The copyright has a useful life of6years and a remaining
These are selected 2017 transactions for Culver Corporation:
Jan. 1 Purchased a copyright for $147,000. The copyright has a useful life of6years and a remaining legal life of31years.
Mar. 1 Purchased a patent with an estimated useful life of5years and a legal life of20years for $108,300.
Sept. 1 Purchased a small company and recorded goodwill of $154,700. Its useful life is indefinite.
Indicate the amount of amortization expense on December 31, 2017, for Culver Corporation.
what is the equation to find the total?
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