jan 1 purchased a small company and recorded, Accounting Basics

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jan 1 purchased a small company and recorded

Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years.
Instructions
Prepare necessary adjusting entries at December 31 to record amortization required by the events above

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Accounting Basics: jan 1 purchased a small company and recorded

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