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9. (2 points) Pronghorn Corporation purchases a patent from Crane Company on January 1, 2017, for $200,000. The patent has a remaining legal life of

9. (2 points) Pronghorn Corporation purchases a patent from Crane Company on January 1, 2017, for $200,000. The patent has a remaining legal life of 15 years. Pronghorn feels the patent will be useful for 10 years. Prepare Pronghorn's journal entries to record the purchase of the patent and 2017 amortization. Accounts Purchase Amort DR CR

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