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What entry would the company make

What entry would the company make 



BE 1
On January 2, 2011, Harlan Company purchased a patent for $38,000. The patent has an estimated useful life of 25 years and a 20-year legal life. What entry would the company make at December 31, 2011 to record amortization expense on the patent?

BE 2
Using the following data for Notson, Inc., compute its asset turnover ratio. 
Notson, Inc.
Net Income  2011	$   123,000
Total Assets  12/31/11	2,443,000
Total Assets  12/31/10	1,880,000
Net Sales  2011	2,594,000



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16 Apr 2016

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  1. Genius

    What entry would the company make

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