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These are selected 2022 transactions for Martinez Corporation: Jan.1 Purchased a copyright for $105,000. The copyright has a useful life of 6 years and a
These are selected 2022 transactions for Martinez Corporation: Jan.1 Purchased a copyright for \$105,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sept.1 Purchased a small company and recorded good will of $135,000. Its useful life is indefinite, Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are outomatically Indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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