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correct answer ABC Corporation purchased a patent on January 1, 2017 for $500,000 The patent had a remaining logal life of 10 years but ABC

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ABC Corporation purchased a patent on January 1, 2017 for $500,000 The patent had a remaining logal life of 10 years but ABC determined that the useful life was 5 years. What is the necessary journal entry on December 31, 2017. For the toolbar, press ALT+F10(PC) or ALT+FN+F10(Mac)

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