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Business, 05.07.2019 22:30 fatlenny

These are selected 2017 transactions for cheyenne corporation: jan. 1 purchased a copyright for $235,550. the copyright has a useful life of 7 years and a remaining legal life of 32 years. mar. 1 purchased a patent with an estimated useful life of 5 years and a legal life of 22 years for $113,700. sept. 1 purchased a small company and recorded goodwill of $151,900. its useful life is indefinite. prepare all adjusting entries at december 31 to record amortization required by the events.

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