during 2016, blue corporation spent $177,120 in research and development costs. as a result, a new product called the new age piano was patented. the patent was obtained on october 1, 2016, and had a legal life of 20 years and a useful life of 10 years. legal costs of $49,680 related to the patent were incurred as of october 1, 2016. (a) prepare all journal entries required in 2016 and 2017 as a result of the transactions above.



Answer :

Other Questions