Franklin designs purchased the patent of a new couch design. the patent had a remaining life of 18 years, so franklin amortized the cost of the patent over 18 years. however, experts believe that the couch design will only be popular for six years. how will this affect the accuracy of franklin's financial statements?
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Franklin designs purchased the patent of a new couch design. the patent had a remaining life of 18 years, so franklin amortized the cost of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Franklin designs purchased the patent of a new couch design. the patent had a remaining life of 18 years, so franklin amortized the cost of the patent over 18 years. however, experts believe that the couch design will only be popular for six years.