ABC Company began operations in and has the following transactions relating to intangibles during the years Match the correct journal entries for the January transactions and the year end amortization.
tablePatentCash,,R &D Exp,,,Cash,,
Research and development costs of $ were incurred to develop a new patent. The useful life is years.
Purchased a patent for $ Remaining legal life is years, useful life is years.
tabletablePatent
