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Current Attempt in Progress Vaughn Company, organized in 2020, has the following transactions related to intangibles 1/2/20 Purchased patent (8-year life) 4/1/20 $560.00 Goodwill purchased (indefinite life) 7/1/20 360000 10-year franchise: expiration date 7/1/2030 11/1/20 Research and development costs incurred prior to technological feasibility 148.000 12 Prepare the necessary entries to record these intangibles. All costs incurred were for cash Make the adjusting entries as c December 31, 2020, recording any necessary amortization (Record entries in the order displayed in the problemet account titles ore automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit