Business, 26.04.2021 14:00 chris4212

During 2020, Walmart Corporation spent Tk. 1,75,000 in research and development costs. As a result, a new product called the New Age piano was patented. The patented was obtained on October 1, 2008 and had a legal life of 20 years and a useful life of 10 years. Legal costs of Tk. 18,000 related to the patent were incurred as of October 1, 2020. On June1, 2022 Walmart Corporation spent Tk. 9,000 to successfully prosecute a patent infringement. As a result, the estimate of useful life was extended to 12 years from June 1, 2022. Calculate the Patent value at June 1, 2022.

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During 2020, Walmart Corporation spent Tk. 1,75,000 in research and development costs. As a result,...

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