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Berry Co. purchases a patent on January 1, 2018, for $31,000 and the patent has an expected useful life of five years with no residual

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Berry Co. purchases a patent on January 1, 2018, for $31,000 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 carrying value of the patent on December 31, 2019? $20, 600 $18, 600 $28600 $15, 600

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