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These are selected 2022 transactions for Marigold Corporation: Jan. 1 Purchased a copyright for $219,450. The copyright has a useful life of 7 years and
These are selected 2022 transactions for Marigold Corporation: Jan. 1 Purchased a copyright for $219,450. The copyright has a useful life of 7 years and a remaining legal life of 31 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 23 years for $55,920. Sept. 1 Purchased a small company and recorded good will of $151,200. Its useful life is indefinite. Indicate the amount of amortization expense on December 31, 2022, for Marigold Corporation. Amortization expense
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