Dazzle Corporation purchased a patent for P7,140,000 on January 2014. The patent is

being amortized over the remaining legal life of 15 years expiring on January 2029.

During 2017, Dazzle Corporation determined that the economic benefits of the patent

would not last longer than ten years from the date of acquisition.

Using the same information on number (33), what amount should be charged to patent

amortization expenses for the year ended December 31, 2017, assuming there is no

change in the patent's useful life?

33. Dazzle Corporation purchased a patent for P7,140,000 on January 2014. The patent is

being amortized over the remaining legal life of 15 years expiring on January 2029.

During 2017, Dazzle Corporation determined that the economic benefits of the patent

would not last longer than ten years from the date of acquisition.

What amount should be charged to patent amortization expenses for the year end

December 31, 2017?

Dazzle Corporation purchased a patent for P7,140,000 on January 2014. The patent is being amortized over the remaining legal life of 15 years expiring on January 2029. During 2017, Dazzle Corporation determined that the economic benefits of the patent would not last longer than ten years from the date of acquisition. Using the same information on number (33), what amount should be charged to patent amortization expenses for the year ended December 31, 2017, assuming there is no change in the patent's useful life? OP816,000 O P476,000 O None of the above OP571.200 OP4,896,000 Dazzle Corporation purchased a patent for P7,140,000 on January 2014. The patent is being amortized over the remaining legal life of 15 years expiring on January 2029. During 2017, Dazzle Corporation determined that the economic benefits of the patent would not last longer than ten years from the date of acquisition. What amount should be charged to patent amortization expenses for the year end December 31, 2017? O P476,000 OP4,896,000 OP571,200 None of the above OP816,000