Question
Berry co purchases a patent on january 1, 2021, for $37,000 and the patent has an expected useful life of five years with no residual
Berry co purchases a patent on january 1, 2021, for $37,000 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, 2022?
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