Intangible assets: An asset that has no physical appearance but has money value is termed as intangible assets. To prepare: To prepare the entries as of December 31, 2018, recording any necessary amortization and reflecting all balances accurately as of that date.

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Chapter 12, Problem 1P

To determine

Intangible assets: An asset that has no physical appearance but has money value is termed as intangible assets.

To prepare: To prepare the entries as of December 31, 2018, recording any necessary amortization and reflecting all balances accurately as of that date.

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