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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?

Answer :

ujgerman ujgerman

Today at 9:51 PM

Answer:

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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