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Business, 25.11.2021 07:30 paulusl19

On January 1, 2020, Trickery, Inc., reports net assets of $933,650 although equipment (with a four-year remaining life) having a book value of $536,000 is worth $598,250 and an unrecorded patent is valued at $54,900. Dutch Corporation pays $840,640 on that date to acquire an 80 percent equity ownership in Trickery. If the patent has a remaining life of nine years, at what amount should the patent be reported on Dutch's consolidated balance sheet at December 31, 2021?

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On January 1, 2020, Trickery, Inc., reports net assets of $933,650 although equipment (with a four-y...
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