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DeeGee Ltd, acquired a Patent on April 1, 2020 for $650,000. DeeGee can only provide evidence of clearly identifiable cash flows for 25 years, but

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DeeGee Ltd, acquired a Patent on April 1, 2020 for $650,000. DeeGee can only provide evidence of clearly identifiable cash flows for 25 years, but thinks the Patent could have a value for up to 60 years. Required 1 of 2: How many years will the Patent be amortized over? Required 2 of 2: What if? What is the Unamortized Cost (or Carrying Amount/Book Value) of the Patent as shown on the Baiance Sheet on December 31,2020 if the patent is amortized over 50 years

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