These are selected 2012 transactions for Jendusa Corporation

These are selected 2012 transactions for Jendusa Corporation:

Jan. 1     Purchased a copyright for $120,808. The copyright has a useful life of 8 years and a remaining legal life of 30 years.

May 1    Purchased a patent with an estimated useful life of 5 years and a legal life of 22 years for $57,540.

Sept.1   Purchased a small company and recorded goodwill of $154,900. Its useful life is indefinite.

Required:

Prepare all adjusting entries at December 31 to record amortization required by the events.

 

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