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A company purchased a patent for $1,425,000. The useful ste is expected to last 20 years. The journal entry to record the amortization expense for
A company purchased a patent for $1,425,000. The useful ste is expected to last 20 years. The journal entry to record the amortization expense for the tea OAA debit to amortization expense for $71,250 OBA debit to accumulated amortization for $ 71,250. OCA debit to amortization expense for $ 47,500. ODA credit to accumulated amortization for $ 47,500
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