Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 9 - Reporting and Analyzing Long-Lived Assets - Exercises - Page 488: E9-13

Answer

2010 December 31 Amortization expenses -copyright 15,000 dollars Copyright 15,000 dollars (To record copyrights amortization) December 31 Amortization expenses -Patent 9,000 dollars Patent 9,000 dollars (To record patent amortization)

Work Step by Step

No - Entry for amortization of goodwill.
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