A purchased patent has a legal life of 20 years. It should be a. not amortized. b.

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A purchased patent has a legal life of 20 years. It should be
a. not amortized.

b. amortized over 20 years regardless of its useful life.

c. amortized over its useful life if less than 20 years.

d. expensed in the year of acquisition.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Sep 26, 2019 07:13 AM

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A purchased patent has a legal life of 20 years. It should be a. not amortized. b.

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The detailed answer for the above question is provided below The correct answer is c amortized over ... View the full answer

Personal Finance

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