This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Account/Description Amortization Expense Patents Franchise Copyright (c) Show balance of intangibles as of December 31, 2010. (List amounts from largest to smallest, e.g. 10, 5, Franch ise Goodw ill Patents Copyri ght (a) Account/Description Franchise Patents Goodwill Research and Development Expense Copyright Intangible Assets (b) Amortization Expense Patents ($385,456 8) Franchise ($427,000/10 6/12) Copyright ($130,848/5 5/12) (c) Balance of Intangible Assets as of December 31, 2010 Franchise ($427,000 - $21,350) Goodwill (no amortization) Patents ($385,456 - $48,182) Copyright ( $130,848 - $10,904)...
View Full Document