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Contreras Corporation acquired a patent on May 1, 2015. Contreras paid cash of $35,000 to the seller. Legal fees of $900 were paid related to
Contreras Corporation acquired a patent on May 1, 2015. Contreras paid cash of $35,000 to the seller. Legal fees of $900 were paid related to the acquisition. What amount should be debited to the patent account?
Select one:
a. $34,100
b. $900
c. $35,000
d. $35,900
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