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Berry Co. purchases a patent on January 1, 2018, for $40,000 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 $40,000 and the patent has an expected useful life of five years with no residual value Assuming Berry Co. uses the stralght-line method, what is the amortization expense for the year ended December 31, 2019? O $16,000 O $40,000 O $8,000 O so

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