These are selected 2017 transactions forMarigoldCorporation: Jan. 1 Purchased a copyright for $219,450....
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These are selected 2017 transactions forMarigoldCorporation:
Jan. 1 Purchased a copyright for $219,450. The copyright has a useful life of7years and a remaining legal life of31years.
Mar. 1 Purchased a patent with an estimated useful life of4years and a legal life of23years for $55,920.
Sept. 1 Purchased a small company and recorded goodwill of $151,200. Its useful life is indefinite.
Indicate the amount of amortization expense on December 31, 2017, forMarigoldCorporation.
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