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Three intangible assets at the end of 2017 (end of the accounting year): a . A copyright purchased on January 1, 2017, for a cash

Three intangible assets at the end of 2017 (end of the accounting year):

a. A copyright purchased on January 1, 2017, for a cash cost of $15,300. The copyright is expected to have a 10-year useful life to Springer.

b. Goodwill of $73,000 from the purchase of the Hartford Company on July 1, 2016.

c. A patent purchased on January 1, 2016, for $48,000. The inventor had registered the patent with the U.S. Patent Office on January 1, 2012.

Compute the acquisition cost of each intangible asset.

Copyright ?

Goodwill ?

Patent ?

Compute the amortization of each intangible at December 31, 2017. The company does not use contra-accounts.

copyright ?

goodwill?

patent?

Show how these assets and any related expenses should be reported on the balance sheet and income statement for 2017

income statement ?

balance sheet ?

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