Fina Accounting
lpierre0918Bluestone Company had three intangible assets at the end of 2014 (end of the accounting year): |
| a. | A patent purchased from Miller Co. on January 1, 2014, for a cash cost of $4,000. When purchased, the patent had an estimated life of ten years. |
| b. | A trademark was registered with the federal government for $11,000. Management estimated that the trademark could be worth as much as $260,000 because it has an indefinite life. |
| c. | Computer licensing rights were purchased on January 1, 2014, for $36,000. The rights are expected to have a four-year useful life to the company. |
12 years ago
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