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These are selected 2022 transactions for Flint Corporation: Jan. 1 Mar. 1 Purchased a copyright for $132,300. The copyright has a useful life of 7
These are selected 2022 transactions for Flint Corporation: Jan. 1 Mar. 1 Purchased a copyright for $132,300. The copyright has a useful life of 7 years and a remaining legal life of 32 years. Purchased a patent with an estimated useful life of 4 years and a legal life of 25 years for $62,160. Purchased a small company and recorded goodwill of $150,950. Its useful life is indefinite. Sept. 1 Indicate the amount of amortization expense on December 31, 2022, for Flint Corporation. Amortization expense $
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