Business, 24.03.2020 22:00 shongmadi77

The following are selected 2020 transactions of Pedigo Corporation. Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $75,000 a patent with an estimated useful life of 5 years and a legal life of 20 years. Prepare necessary adjusting entries at December 31 to record amortization required by the events above.

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The following are selected 2020 transactions of Pedigo Corporation. Jan. 1 Purchased a small company...

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