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Amazon.com,Inc.acquiredapatentfor$200,000onJanuary1st,2023.Thepatenthasauseful life of 15 years. Calculate the annual amortization expense for the patent using the straight-line method.

Amazon.com, Inc. acquired a patent for $200,000 on January 1st, 2023. The patent has a useful life of 15 years. Calculate the annual amortization expense for the patent using the straight-line method.

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