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Berry Co. purchases a patent on January 1, 2012, for $36,000 and the patent has an expected useful life of five years with no residual

Berry Co. purchases a patent on January 1, 2012, for $36,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Co. uses the straight-line method, what is the amortization expense for the year ended December 31, 2013?

$36,000

$14,400

$7,200

$0

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Berry Co. purchases a patent on January 1, 2012, for $36,000 and the patent has an expected useful life of five years with no residual

Berry Co. purchases a patent on January 1, 2012, for $36,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Co. uses the straight-line method, what is the amortization expense for the year ended December 31, 2013? $36,000 $14,400 $7,200 $0

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Berry Co. purchases a patent on January 1, 2012, for $36,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Co. uses the straight-line method, what is the amortization expense for the year ended December 31, 2013?

$36,000

$14,400

$7,200

$0