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After using the patent for four years, MP learns at an industry trade show that another company is designing a more efficient printer. On the
After using the patent for four years, MP learns at an industry trade show that another company is designing a more efficient printer. On the basis of this newinformation, MPdecides, starting with Year 5, to amortize the remaining cost of the patent over two remainingyears, giving the patent a total useful life of six years. Record amortization for Year 5.
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