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Berry Company purchases a patent on January 1 , 2 0 2 4 , for $ 3 9 , 0 0 0 and the patent

Berry Company purchases a patent on January 1,2024, for $39,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Company uses the straight-line method, what is the carrying value of the patent on December 31,2025?
Multiple Choice
$33,400
$25,600
$20,400
$23,400
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