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12. Einstein Company acquired a patent on September 1st, 2008, at a cost of $1,500,000. The patent's remaining legal life is 20 years. However, the

12. Einstein Company acquired a patent on September 1st, 2008, at a cost of $1,500,000. The patent's remaining legal life is 20 years. However, the company believes its remaining economic life is 16 years. Einstein's fiscal year ends December 31st. The book value of the patent on December 31st, 2009 was: 221138

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