Cost of Intangible Assets} CORNERSTONE 7.9 Advanced Technological Devices Inc. acquired a patent for ($ 120,000). It

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Cost of Intangible Assets}

CORNERSTONE 7.9 Advanced Technological Devices Inc. acquired a patent for $\$ 120,000$. It spent an additional $\$ 24,744$ defending the patent in legal proceedings.

\section*{Required:}
Determine the cost of the patent.
\section*{Cornerstone Exercise

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