Week 2 - E10-8 - ............................................

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EXERCISE 10-8 Dec. 31 Amortization Expense—Patent. ................................................. 8,000 Patents ($60,000 X 1/5 X 8/12).
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Unformatted text preview: ......................................... 8,000 Note: No entry is made to amortize goodwill because it has an indefinite life....
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