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Chen Communications has amortized a patent on a straight - line basis since it was acquired in 2 0 2 1 for $ 5 0
Chen Communications has amortized a patent on a straightline basis since it was acquired in
for $ million. During management decided that the benefits from the patent would be
received over a total period of years rather than the gear legal life being used to amortize the
cost Chen's financial statements should include:
a a patent balance of $ million.
b a patent balance of $ million.
c patent amortization expense of $ million.
d patent amortization expense of $ million.
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