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Amortitation Entries Keen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal

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Amortitation Entries Keen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent has a useful life equal to its legal life of eigbt years. On Jancary 7 of Year 4. Kieen successfully defended the patent in a lawsuit ot a cost of $38,000. a. Determine the patent amortization expense for Year 4 ended December 31

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