Business, 04.11.2019 20:31 ashiteru123

Which of the following properly describes the accounting for a patent?
a. research and development costs associated with a patent are capitalized.
b. the patent will be amortized over its useful life.
c. patent amortization expense is accounted for within the accumulated depreciation account.
d. a patent's legal life extends to 70 years after the death of the inventor.

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Which of the following properly describes the accounting for a patent?
a. research and devel...

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