Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 307 Weeks Ago, 4 Days Ago |
Questions Answered: | 66690 |
Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Wiggens Industries acquired two copyrights during 2008. One copyright related to a textbook that was developed internally at a cost of $9,900. This textbook is estimated to have a useful life of 3 years from September 1, 2008, the date it was published. The second copyright (a history research textbook) was purchased from University Press on December 1, 2008, for $19,200. This textbook has an indefinite useful life. How should Wiggens report these two copyrights on its balance sheet as of December 31, 2008?
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