Question content area top

Part $1$

On October$1,2024,$ Northern Company purchased a patent for $ $208$ comma $000$ cash. Although the patent gives legal protection for $20$ years, the patent is expected to be used for only $10$ years. The patent has no residual value. What will be the balance in the patent account on September$30,2025?$

Question content area bottom

Part $1$

A$.$$ $187$ comma $200$

$ $187$ comma $200$

B$.$$ $197$ comma $600$

$ $197$ comma $600$

C$.$$ $104$ comma $000$

$ $104$ comma $000$