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Business, 11.11.2019 22:31 mng32

On january 1, 2017, carla vista co. had a balance of $347,500 of goodwill on its balance sheet that resulted from the purchase of a small business in a prior year. the goodwill had an indefinite life. during 2017, the company had the following additional transactions. jan. 2 purchased a patent (6-year life) $332,850. july 1 acquired a 10-year franchise; expiration date july 1, 2,027, $604,800. sept. 1 research and development costs $187,500.

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On january 1, 2017, carla vista co. had a balance of $347,500 of goodwill on its balance sheet that...
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