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18. Company R acquired a patent for $70,000 with a useful life of 10 years. Calculate the annual amortization expense using the



18.  
    Company R acquired a patent for $70,000 with a useful life of 10 years. Calculate the annual amortization expense using the

 units-of-production method and provide the journal entry for the first year. Discuss the advantages of the units-of-production method for intangible assets.

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