These transactions related to intangible assets

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Reference no: EM131258744

Haley Company, organized in 2014, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (6-year life) $296,900. Apr. 1 Goodwill acquired as a result of purchased business (indefinite life) $335,700. July 1 Acquired a 9-year franchise; expiration date July 1, 2023, $573,300. Sept. 1 Research and development costs $181,700. Make an entry as of December 31, 2014, recording any necessary amortization. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131258744

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These transactions related to intangible assets : Haley Company, organized in 2014, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (6-year life) $296,900. Apr. 1 Goodwill acquired as a result of purchased business (indefinite life) $335,700. July 1 Acquir..

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