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Unformatted text preview: Date Account/Description 1/2/10 Patent Cash 4/1/10 Goodwill Cash 7/1/10 Franchise Cash 9/1/10 Research and development expense Cash (b) Make the entries as of December 31, 2010, recording any necessary amortization. Date Account/Description 12/31/10 Amortization expense-Patent Franchise (c) Indicate what the balances should be on December 31, 2010. Patent $ Goodwill $ 392,464 Franchise $...
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This note was uploaded on 12/13/2011 for the course ACCT 101 taught by Professor Cosby during the Spring '11 term at Marquette.
- Spring '11