GTYT1124 GTYT1124

27-12-2022
Business

Answered

in january 2024, hankins company purchased a patent at a cost of 215000. legal and filing fees of 58000 were paid to acquire the patent. hankins estimated a 10 year usful life for the patent and uses straight line amoritization method for all intangible assets. in january 2027, hankins spent 39000 in legal fees for an unsucessful defense the amount charged to income related to the patent should be

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