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0 00 225,000 300,000 0 Safehouse Company was granted a patent on a product on January 1, 2011 with a 20-year useful life. To protect
0 00 225,000 300,000 0 Safehouse Company was granted a patent on a product on January 1, 2011 with a 20-year useful life. To protect the patent, the entity purchased on January 1, 2021 for P4,500,000 a patent on a competing product which was originally issued on January 1, 2016. Because of the unique plant, the entity does not feel the competing patent can be used in producing a product. What is the amortization of the competing patent for 2021? 450,000
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