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Alphabet Inc. acquires a patent for $75,000,000. The patent has a useful life of 15 years. Determine the annual amortization expense using the straight-line method.

Alphabet Inc. acquires a patent for $75,000,000. The patent has a useful life of 15 years. Determine the annual amortization expense using the straight-line method.

Calculation

Amount

Patent Cost

$75,000,000

Useful Life

15 years

Annual Amortization Expense


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