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Cullumber Corporation acquired a patent on May 1, 2025. Cullumber paid cash of $79000 to the seller. Legal fees of $1200 were paid related to

Cullumber Corporation acquired a patent on May 1, 2025. Cullumber paid cash of $79000 to the seller. Legal fees of $1200 were paid related to the acquisition. What amount should be debited to the patent account? $1200 $79000 $77800 $80200

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