15% ooo Verizon 3:41 PM Ch 9 Homework e Kimmel, Financial Accounting, 8e Exercise 9-11 These are selected 2017 transactions for Sheffield Corporation: Purchased a copyright for $106,500. The copyright has a useful life of 6 years and a remaining legal life of 32 years. Mar. Purchased a patent with an estimated useful life of 5 years and a legal life of 24 years for $110,400 Sept. Purchased a small company and recorded goodwill of $154,250. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Go record amortization of Copyrights) To record amortization of Patents) Go record amortization of Goodwill) Question Attempts: 0 of 3 used Copyright 2000-2087 by ohn wary & Sons, or related campanies All nghts reserved