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These are selected 2022 transactions for Cullumber Company Jan. 1 Mar 1 Purchased a copyright for S 102.000. The copyright has a useful life of

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These are selected 2022 transactions for Cullumber Company Jan. 1 Mar 1 Purchased a copyright for S 102.000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $49,200. Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Sept. 1

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