Business, 23.12.2019 20:31 briseidam6683

Thompson company incurred research and development costs of $100,000 and legal fees of $30,000 to acquire a patent. the patent has a legal life of 20 years and a useful life of 10 years. what amount should thompson record as patent amortization expense in the first year? a. 0b. 3,000c. 6,500d. 13,000

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Thompson company incurred research and development costs of $100,000 and legal fees of $30,000 to ac...

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