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Unformatted text preview: utilized by my previous employer is the way the text teaches us how to post entries for customer-related intangible assets. The text uses the following to post an entry for customer-related intangible assets: December 31, 2009 Customer List 5,000 Cash 5,000 My previous employer used the following to post an entry for customer-related intangible assets: December 31, 2009 D. Morgan 5,000 Cash 5,000 The amortization entries are the same as the text. I think using each customer’s name made the entries a longer process than necessary. I think it is easier and takes less time to add all of the customer-related intangible assets together, making one journal entry for the entire section....
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This note was uploaded on 02/19/2010 for the course ACC 362 taught by Professor Wormer during the Spring '07 term at University of Phoenix.
- Spring '07