As of December 3 1 , 2 0 0 9 , Nalysnyky has a patent with a
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As of December Nalysnyky has a patent with a carrying value of $ The original cost was $ and the accumulated amortization is $ Nalysnyky has elected a policy of revaluing all intangibles.
The patent has a remaining life of years as of January As of December the fair value of the patent was $
No revaluation or impairment was necessary during
When testing for impairment at yearend the recoverable amount of the patent on was $
Required:
Prepare the necessary journal entries for the patent for and
$As of December Nalysnyky has a patent with a carrying value of $ The original cost was $ and the accumulated amortization is $ Nalysnyky has elected a policy of revaluing all intangibles.
The patent has a remaining life of years as of January As of December the fair value of the patent was $
No revaluation or impairment was necessary during
When testing for impairment at yearend the recoverable amount of the patent on was $
Required:
Prepare the necessary journal entries for the patent for and
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