Herzogg Company, organized in 2011, has the following transactions relate to intangible assets . Instructions Prepare the

Question:

Herzogg Company, organized in 2011, has the following transactions relate to .

Instructions
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2011, recording any necessary amortization and reflecting all balances accurately as of thatdate.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...