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Amazon purchased a patent to increase productivity for its distribution centers across the United States. The patent life is worth 10 years. Amazon stated the
Amazon purchased a patent to increase productivity for its distribution centers across the United States. The patent life is worth 10 years. Amazon stated the patent cost $250,000; the patent was purchased on April 30, 2019. What amount can Amazon deduct in amortization from the patent if Amazon is a calander year-end taxpayer?
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