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Prepare the accounting equation

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Reference no: EM133272946

Prepare the Accounting Equation for the following:

1. On 9/1/19, Strand Corp received a copyright. Cost = $200,000. Paid cash. Copyright had a 7 year legal life and an estimated useful life of 5 years. Record transaction. Strand is a calendar year- end.

2. Calculate and record Amortization expense for the year 2019 AND 2020

3. Explain the difference between Tangible Assets and Intangible Assets

4. Provide at least 3 examples of Tangible Assets and Intangible Assets

Reference no: EM133272946

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