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Business, 20.06.2020 22:57 angiezavala61

For each of the following unrelated transactions, (1)Costs (it was not acquired) of $39,000 were incurred on January 1 to obtain a patent. On January 31, $38,610 was spent in legal costs to successfully defend the patent against competitors. The patent has an estimated legal life of 12 years. (2)A company acquired a copyright for $160,000. The copyright has a useful life of 50 years. Determine the amount of the amortization for the current year. (1)Amount of the amortization for the current year$ (2)Amount of the amortization for the current year $

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For each of the following unrelated transactions, (1)Costs (it was not acquired) of $39,000 were inc...
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