RCL Corporation is negotiating with Royal Corporation to acquire a patent that has nine years remaining on

Question:

RCL is negotiating with Royal to acquire a patent that has nine years remaining on its legal life. RCL can either purchase the patent for $50,000 or purchase all of the assets for Royal for $500,000, including the patent. Discuss how amortization of the patent will be handled under each alternative.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...