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b. Governmental and legal costs of $920,000 were incurred by Gemini Company on June 30 in obtaining a patent with an estimated economic life of
b. Governmental and legal costs of $920,000 were incurred by Gemini Company on June 30 in obtaining a patent with an estimated economic life of eight years. Amortization is to be for one-half year. Balance Sheet Statement of Stockholders' -Liabilities Assets Cash Flows Equity Patents + Dec. 31 57,500 x Statement of Cash Flows Income Statement
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