Question: 11:04 LTE < Back Assess 2-Assignment... < > Not yet answered Question 24 Marked out of 0.75 Itani Corporation purchased a patent for $90,000 on

11:04 LTE < Back Assess 2-Assignment... < > Not yet answered Question 24 Marked out of 0.75 Itani Corporation purchased a patent for $90,000 on September 1, 2009. It had a useful life of 10 years. On January 1, 2011, Itani spent $22,000 to successfully defend the patent in a lawsuit. Itani estimated that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2011? a. $20,600 b. $18,800 c. $15,600 d. $20,000 Clear my choice Previous Next >

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