pinkdrama021
Aug 23, 2009, 08:15 AM
HOW DO I JOURNALIZE FOR THIS ONE:
During 2005, Rubeus Erectus spent $45,000 in research and development costs. This resulted in the development of a valuable new patent for setting the foundations for a tall building. The Core Engineering Company acquired a patent from another company for $45,000. The patents for Rubeus Erectus Inc. and Core Engineering Company are expected to last 8 years and both have a 17-year useful life.
During 2005, Rubeus Erectus spent $45,000 in research and development costs. This resulted in the development of a valuable new patent for setting the foundations for a tall building. The Core Engineering Company acquired a patent from another company for $45,000. The patents for Rubeus Erectus Inc. and Core Engineering Company are expected to last 8 years and both have a 17-year useful life.