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5.On January 1, 20X5, Helquist Company purchased a patent, which at the time had a remaining legal life of 8 years. However, Helquist believes the
5.On January 1, 20X5, Helquist Company purchased a patent, which at the time had a remaining legal life of 8 years. However, Helquist believes the company's revenue will benefit from the patent for at least another 11 years. Which of the following is true? The patent should be amortized over 11 years. The patent should be amortized over 8 years. The patent should be amortized over 20 years. Patents aren't subject to amortization
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