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QUESTION
1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite.
Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years and a legal life of 20 years. Not sure how to adjust entries in ledger
