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Prepare noon journal entries to record the purchase

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Reference no: EM132785284

Noon Corporation purchases a trademark from a company on January 1, 2019, for $54,000. The trademark has a remaining legal life of 16 years. The CEO of Noon feels the trademark will be useful for 10 years.

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Probem 1: Prepare Noon's journal entries to record the purchase of the trademark and 2019 amortization.

Reference no: EM132785284

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