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Crane Corporation acquired a patent on May 1, 2017. Crane paid cash of $78000 to the seller. Legal fees of $1100 were paid related to
Crane Corporation acquired a patent on May 1, 2017. Crane paid cash of $78000 to the seller. Legal fees of $1100 were paid related to the acquisition. What amount should be debited to the patent account?
| $79100 |
|
| $1100 |
|
| $78000 |
|
| $76900 |
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