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27 October, 07:06

On March 1, 2017, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years. How much is amortization expense for 2017?

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  1. 27 October, 07:24
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    How much is amortization expense for 2017?

    $7500

    Explanation:

    Patent 90000

    Usefull life 10

    Annual expense 9000

    From March to December 7500
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