View Policies Current Attempt in Progress Marigold Industries Ltd. acquired two copyrights during 2023. One copyright was on a textbook that was developed internally at a cost of $34,000. This textbook is estimated to have a useful life of 2 years from July 1, 2023, the date it was published. The second copyright is for a history research textbook and was purchased from University Press on October 1, 2023, for $52,100. This textbook seems to have an indefinite useful life. How should these two copyrights be reported on Marigold's statement of financial position as at December 31, 2023? Copyright No. 1 should be Copyright No. 2 should be Save for Later It would be reflected on the December 31, 2023 .It would be reflected on the December 31, 2023 at $ at $ Attempts: 0 of 1 used Submit Answer