Question: Current Attempt in Progress These are selected 2025 transactions for Martinez Corporation: Jan. 1 Purchased a copyright for $105,000. The copyright has a useful life


Current Attempt in Progress These are selected 2025 transactions for Martinez Corporation: Jan. 1 Purchased a copyright for $105,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar.1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sept. 1 Purchased a small company and recorded goodwill of $135,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events. (List debit entry before credit entry. Credi account titles are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for th occount titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record amortization of Copyrights) Dec, 31 (Torecord amortization of Patents) (To record amortization of Patents) Dec, 31 (To record amortization of Goodwill)
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