Larkspur Industries acquired two copyrights during 2020.
One copyright related to a textbook that was developed internally at a cost of $9,600. This textbook is estimated to have a useful life of 3 years from September 1, 2020, the date it was published.
The second copyright (a history research textbook) was purchased from University Press on December 1, 2020, for $34,000. This textbook has an indefinite useful life.
How should these two copyrights be reported on Larkspur ’s balance sheet as of December 31, 2020?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?